It’s not nonsense, we’ve seen deflation destroy economies plenty of times.
The issue is that what economists are saying is don’t ask/expect lower prices, demand higher wages. Higher wages produce basically the same result without breaking the economic system.
Maybe you want the economic system to break, but for most people that would be bad and lead to a lot of death and suffering.
I mean, if you go back 100 years in the US, there has always been some inflation (as that’s how our economic model works). The cost of living crisis isn’t caused by inflation, but larger macro economic policies.
It’s not nonsense, we’ve seen deflation destroy economies plenty of times.
The issue is that what economists are saying is don’t ask/expect lower prices, demand higher wages. Higher wages produce basically the same result without breaking the economic system.
Maybe you want the economic system to break, but for most people that would be bad and lead to a lot of death and suffering.
What we’ve got now is even more broken! Forever inflation is not a good idea.
I mean, if you go back 100 years in the US, there has always been some inflation (as that’s how our economic model works). The cost of living crisis isn’t caused by inflation, but larger macro economic policies.
Source: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/