schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 9 days ago

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

cross-posted to:
worldnews@lemmy.ml

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

schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 9 days ago

cross-posted to:
worldnews@lemmy.ml

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

“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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Raiderkev@lemmy.world
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8 days ago
“Deflationationary phases are very helpful for the working class, as their dollar now buys MORE things. Like food. And housing. And health care.”

Shhh can’t be having that. Don’t worry, we beat inflation. Everything is just more expensive now. Deal with it.

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