Have you ever met a person, who is not a business owner, who wants higher prices on goods and services?
If we polled one million people and asked the yes/no question, "Do you wish prices were higher?" would we really discover that society is craving higher prices?
I think we all know the answer to those questions, and yet, we are stuck with ever-rising prices. Why? What economic laws allow for no other possibility of societal success besides ever-rising prices? I've been perusing my old econ textbooks, and I still haven't come across one such law of economics.
Why must prices always rise? Do everyday people actually want that to happen?
byu/Jamesss111222333 inAskEconomics
Posted by Jamesss111222333
1 Comment
The short version I think is that it’s easier for governments and central banks to target low and consistent inflation than it is to get it wrong and have deflation. If you think the complaining about inflation is bad now, you should see how bad shit crazy people go when their income and assets go down, lol.
Scroll back and I believe it’s been discussed. Here’s one to get you started.
https://www.reddit.com/r/AskEconomics/s/Ift9KT38zi