The longer the bubble continues to grow and the bigger it is when it pops, the worse the crash/deflation will be, which is why I say I hope it comes “soon”.
I guess that and so that I can stop having LLMs forced on me.
Oh, and “deflation means you have less money” is a bit overly simplistic. If you’re living hand-to-mouth and don’t have a lot of debt, deflation can actually be a net good thing because a paycheck in the future can buy more than a paycheck of the same size today.
Deflation? You talking about Afghanistan or Sri Lanka or where? Not a lot of countries tolerate deflation.
am Talking about USA after AI crash hits all corporations will feel deflation.
I hope it comes soon.
Unless you live in the US, because the reason that your money would deflate is that you would have a lot less of it.
The longer the bubble continues to grow and the bigger it is when it pops, the worse the crash/deflation will be, which is why I say I hope it comes “soon”.
I guess that and so that I can stop having LLMs forced on me.
Oh, and “deflation means you have less money” is a bit overly simplistic. If you’re living hand-to-mouth and don’t have a lot of debt, deflation can actually be a net good thing because a paycheck in the future can buy more than a paycheck of the same size today.
I’m in the U.S. if you’re curious.
While I’m aware of the causal influence a deflationary currency can have upon economic activity, I’m not sure how the inverse works
Care to explain?
Less spending → less demand → prices drop. that’s what you’re asking?