CNN: “China’s deflation problems get worse”
Oh yeah, cheaper stuff is such a “problem”. I’m sure glad we don’t have that problem here, so glad we have a healthy inflation instead. I love it when i can buy less stuff than last year for the same money. But hey, the stock market is doing great, right?
Fortune/Bloomberg: “China’s struggles with supply glut threaten to extend deflation”
Oh no, China produces too much stuff! They are suffering from “supply glut”! Almost sounds like some terrible disease! How will they ever cope with an abundance of cheap goods? Doesn’t the Chinese government understand that they are taking away their people’s right to scarcity?
Reuters: “China’s deflationary pressures deepen in February”
It’s been a while since i got my degree in physics but from what i can recall usually “pressure” leads to inflation not deflation. Deflation sounds like it’s taking financial pressure off of people. But what do i know, i’m not one of these fancy economists who understand why higher prices is a good thing.
Some rag founded by the Prince of Liechtenstein (yes the “country” so small you need a magnifying glass to find it on the map): “China trapped in a cycle of deflation”
Maybe i’m not understanding how money works, but personally i’d love to be “trapped” in a cycle of the stuff i buy getting less and less expensive every year. Thank you, person writing for the “prince” of a village pretending to be a country, for enlightening me about how that is actually a bad thing.
My point exactly. This is literally an old capitalist argument that was used to justify why free market competition is good. But that was the old capitalist dogma. The new dogma is all about why monopoly and rents are good.