• Ghostalmedia@lemmy.world
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    19 days ago

    Agreed. I’m talking about deflation though. The debts you acquire balloon in size, even without interest, during deflation.

    • explodicle@sh.itjust.works
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      19 days ago

      I don’t think we do agree. As you can see in the chart, our debts have been ballooning under inflation.

      • drphungky@lemmy.world
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        19 days ago

        That’s total debt, he’s talking about individual debt. Deflation is bad. This is not really up for debate. 2% inflation is a fine target and worked well for decades.

        • explodicle@sh.itjust.works
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          19 days ago

          As you can see in the chart, I’m talking about per person too.

          I don’t think 2008 did work well.

          If you don’t want to debate about this, then don’t.