DEFLATION
Mar
8
1 tweet
DEFLATION
Do you know what this is?
When the economy goes down the drain and federal deficit goes sky high, but nobody knows what to do, people just stop spending money. To combat that, businesses start cutting prices on the goods and services to bring in more customers.
The price of goods and services goes down. It sounds like a great thing but businesses are not making money. Tax revenue will go down. The government will not collect more tax dollars. So they raise taxes ...
Why do I think this is happening in the US ... I think this is exactly what has been happening in Japan for years.
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