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Continue to ChatDeflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink. - Michael Hudson from https://whatsmyquote.com/quote/deflation-is-a-leakage-from-this-circular-flow-to-pay-banks-and-the-real-estate-called-the-fire-sector-finance