Deflation is falling prices inside your economy, as valued in your own currency. It's got nothing much to do with external exchange rates in other currencies.
Yes it makes stuff bought from abroad cheaper, but maybe your domestic economy doesn't compete in those goods? In which case who cares, you just get more stuff for less. It also means inputs into your own manufacturing from abroad are cheaper, so you can capture more value add.
Deflation is a problem only when it affects the economy as a whole, because it means wages get depressed and investment dries up, but it's usually an effect of those things as much as a cause. Individual goods getting cheaper happens all the time, and it's great. The entire computer industry is an example of a whole economic sector built on deflation.
So you don't know the difference between the national debt and US-China trade deficit. Please continue to share your extremely valuable insights into economics.
https://zfacts.com/national-debt/
Deflation is falling prices inside your economy, as valued in your own currency. It's got nothing much to do with external exchange rates in other currencies.
Yes it makes stuff bought from abroad cheaper, but maybe your domestic economy doesn't compete in those goods? In which case who cares, you just get more stuff for less. It also means inputs into your own manufacturing from abroad are cheaper, so you can capture more value add.
Deflation is a problem only when it affects the economy as a whole, because it means wages get depressed and investment dries up, but it's usually an effect of those things as much as a cause. Individual goods getting cheaper happens all the time, and it's great. The entire computer industry is an example of a whole economic sector built on deflation.