You said — “Unless we have hyperinflation. Then all of us are screwed, employed or not.”
I think almost everyone would rather deal with the issues related to inflation than the issues dealing with drastic deflation. That’s a nightmare for most people...
I actually think that inflation can be managed a lot easier than an economy that is free-falling into drastic deflation. AND..., that’s exactly what the government is doing now... “inflating”... which I think it should... (just shouldn’t go into hyperinflation).
But, I was around before, when we had inflation at much, much greater rates than they have been in a long while. It’s got a ways to go before it gets there. I don’t think we’ll get into hyperinflation.
What happens when we have deflation? I mean, what economic factors are in play then and how does it affect the people? Falling prices, on the surface, doesn’t sound bad.
I was more worried about hyperinflation, where inflation voer 3 years exceeds 100%. I thought that’d be much, much worse, like in Germany pre-Hitler, where people couldn’t even afford food.
But I’m probably not seeing the big picture on deflation.