4 ms·
deflation is tricky... if oil gets 10x cheaper because there's lots of new sources, it's great. if oil gets 10x cheaper because after the nuclear holocaust peop
by lg 10y ago
deflation is tricky... if oil gets 10x cheaper because there's lots of new sources, it's great. if oil gets 10x cheaper because after the nuclear holocaust people are living in caves and don't have the refineries or machinery to make it useful, not so great.
- dmichulke 10y agoExactly. Deflation is not bad per se (though it can be)