Im hardly spending on anything now but utilities/services. Haven't left the compound in the past two weeks other than my daily walks.
Tinfoil hat conspiracy theorists deserve to not be the miserable souls they are. I wish you luck joining the rest of us in the real world.
No different for me except drive thru Starbucks, why people use this when store was open before, I don't get it. Bought Smart phone and GPS, smaller underwear, LOL and just normal purchasing. People need jobs, so reduction in buying what is normal, might cost jobs. Cleaning up storage unit, don't have an excuse now. But if I see a deal, am on it. Wear mask before I am in the car, this way I can curse at all horrible drivers whereas before, not as much.
The trick is to balance the deflationary forces you mention with inflationary forces. An inflationary force is money printing and easy credit. Ideally we will print just enough money to balance the deflationary force so we will end up with neither deflation nor inflation. It seems the central bank has been pretty good at this. will see now how good the Powell led bank is. The stimulus (rescue) programs you hear about are the way the printed money makes it into the economy. In the long run what matters is the ratio of money (I include credit in money) to productivity. What is happening now, in addition to the other things, is a significant drop in productivity, isn't it? That could lead, over the longer term, to inflation, if the money supply should become to large relative too productivity. I don't think that will happen as the main problem for many families at the moment is just putting food on the table and keeping a roof overhead .
But is it? I may not be valid to you personally depending on your situation, but deflation or inflation can affect the living standards of million of Americans.
Same here, all my greens would need sunglasses after the dust and moths are removed. No avocado toast for several young people I know either(kidding). Their learning to do with less and cook at home! Cooking gadgets selling which is bad for eating out.
While your post above makes sense, I am having difficulty relating it to your original post below. It is rather clear you have some point you'd like to make not related to the subject of this thread. You might be channeling the thought that "America was built on cheap labor," without realizing it. But if that's so, what does it have to do with this thread started by Kmiklas? Your original post: deflation, inflation, blah blah... all smoke and mirrors. what is at the core of this whole game - masters and slaves. does it matter what gadgets are priced at? as long as the slaves are working, to produce goods and services, and earn some food on the table, they are happy and the masters are happy. that's the beauty of the modern money theory, everything is flexible, infinite liquid is always ready on tap... no problem whatsoever. CPI, PPI, who cares... infinite print = infinite price.. the masters are gonna pretend they care about inflation/deflation... they don't.... what they care about is that the slaves don't stop producing and don't start a revolution.