Ryan Eugene Kelley
Bright lights of Manhattan. (Click to enlarge.)
Today on Planet Money:
While the world waits for some election or other to finish up, a few key pricetags in the American economy continue quietly falling. Deflation means lower prices for you — and what could be so wrong with that? Um, a lot.
— Jay Sachdev takes a break from getting out the vote in Nevada to ask why everyone's so afraid of deflation.
— Maria Fiorini Ramirez says it's because inflation is so much easier to fix. With deflation, you're just rolling money downhill.
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