World News@lemmy.worldEnglish · 2 years ago

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

125

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China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 2 years ago

125

China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says

fortune.com

“Don’t people like it when things are cheaper?” Chinese President Xi Jinping reportedly asked his advisers.

cross-posted from: https://lemm.ee/post/51182148

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Corkyskog@sh.itjust.works
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2 years ago
Your thinking of disinflation, not deflation…

Ask the average person how great the Great Depression really was to live through.
- hark@lemmy.world
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  Deflation was a symptom, not the cause, of the great depression.

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