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September 05, 2022, 05:08:08 PM |
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Of the two, deflation is the opposite of inflation and which one is better for inflation and deflation, I think both are bad for society. But inflation is a lesser evil, Inflation is unfair, deflation is unwise and deflation is worse. Inflation causes price increases and a redistribution of income to benefit the wealthier class, whereas deflation causes a decrease in output, employment, and income. Of all the evils in capitalist society, unemployment leading to poverty is the worst.
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