this post was submitted on 01 Feb 2025
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[–] madejackson@lemmy.world 1 points 3 hours ago* (last edited 3 hours ago)

While deflation is probably not helping markets, VAT is magnitutes more hurtful. Still widely used in most countries :( humankind is stupid. And due to recent events: tariffs are even worse than both deflation and vat.