Collapsing energy prices are highly deflationary. Deflation reduces income. A debt based economy based on growth demands some amount of inflation just to tread water.
Deflation, if unchecked, will destroy a lot of economies.
Nevertheless, I’m all for it, for other reasons (moral). And it’s about bloody time!
Those who live by “Other People’s Money,” have made their bed, and will have to sleep in it.
.
Sob, sob...
So energy prices should only be allowed to go up?
They’re falling now back in line to where they have been longer term.