Touch the Soil News #813 (Feature photo – Michael Rivera – CC SA 4.0) As consumers, we often think that a primary measure of the success of capitalism is a low – and easily affordable price. But how low can prices go and still keep the family employed? Deflation is when the price of something keeps going down and down. In its chronic state, a collapse in prices is what brings on a great depression. It’s a spooky spiral in which wages go down and then prices go down to catch up with lower wages, which means wages and prices must go down again in an attempt to catch up.…
