Have we reached the tyranny of unrealistic expectations?

[Red Wall]

Take for instance issues like the economy, most people would rather have deflation than have income increases.
https://twitter.com/_SofiaBaig_/status/1730606052360831294?t=2HQE3fimMZ3I6Q6wgaT...

More: when informed this would cause a recession, 40% still kept the opinion.
https://twitter.com/_SofiaBaig_/status/1730607143353737290?t=C4VmGHr19TCH6MsXyxR...

There are some issues where governments probably can't do anything without imploding themselves anymore, inflation is definitely one of them, people don't want 1% inflation, or 0.5% inflation or 0% inflation. They want negative inflation. I wonder who's gonna be the first one who'll actually try to achieve it.

[I spent the winter writing songs about getting better]

A majority of people being economically illiterate is not really a shocker.

[Blue3]

Deflation is necessary sometimes. This might be one of those times.


Anyways, it's understandable. People don't trust in their incomes to ever go up. That's why the preference is for costs to come down.

[I spent the winter writing songs about getting better]

Deflation is necessary sometimes. This might be one of those times.


Anyways, it's understandable. People don't trust in their incomes to ever go up. That's why the preference is for costs to come down.

No, deflation is pretty much always a bad thing.

Wages are going up. When I finished college $15/hour would've been a great wage for an entry-level job. Now it's what McDonald's pays. What needs to happen is inflation needs to cool down now to match, but that's starting.

[Blue3]

Deflation is necessary sometimes. This might be one of those times.


Anyways, it's understandable. People don't trust in their incomes to ever go up. That's why the preference is for costs to come down.

No, deflation is pretty much always a bad thing.

Wages are going up. When I finished college $15/hour would've been a great wage for an entry-level job. Now it's what McDonald's pays. What needs to happen is inflation needs to cool down now to match, but that's starting.

Disagree. It depends on your values. For example, if you just want more bang for your buck, and don't care as much about your house's property value because you're not planning on selling.