Don't go into debt and consume first: consumption in deflation should be within your means and moderate consumption. Now is the stage of deflationary wage prices, and most people enter the stage of deflation under the pressure of huge debts.

Don't go into debt and spend

First: consumption in deflation should be within its means and moderately consumed. Now is the stage of deflationary wage prices, and most people enter the stage of deflation under the pressure of huge debts.

Second: when your income increases and decreases, you must compress expenses, do not consume in debt, reduce income and debt will not decrease, and excessive debt at this stage is a very painful thing.

Third: deflation is a long process, most people's income increases and decreases, and their spending power is naturally insufficient. Now there is a surplus on the supply side, insufficient on the demand side, and any policy that does not increase income from the demand side will not translate into consumption power.

Fourth: do not compare debt, monetary easing debt will be diluted in the inflation stage, and debt in the deflationary stage will be amplified.