Online Review: Why has the RMB depreciated but there is still deflation? The continuous depreciation is due to too much money being printed, and deflation is because the printed money hasn't reached the hands of the people, so goods will become cheaper. So he asks: what's wrong with deflation? Isn't it better that goods are cheaper? A minister said: When society lies flat, just eating and waiting for death, the prices of goods can still go to zero, business becomes silent, and there is no circulation.
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