Hey nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyvhwumn8ghj7urewfsk66ty9enxjct5dfskvtnrdaksxv0tx3, just listened to your newest podcast.
One thing I still struggle to fully understand: Why exactly would an economic collapse happen if prices generally go down?
To me, it seems logical that products should become cheaper over time as productivity increases. That doesn’t necessarily mean companies go bankrupt, because they’re also benefiting from lower input costs.
Is the real issue that companies and governments are heavily in debt, and that repaying those debts becomes harder in a deflationary environment?
Do you have a podcast episode or resource where you explain this in more depth? If not, I’d love to hear your take!
Thanks!
