> Then you must have been asleep during economics class when they covered the great depression. Personal attacks are no substitute for content and explanation;

> Then you must have been asleep during economics class when they covered the great depression. Personal attacks are no substitute for content and explanation; I'm trying to help you by giving a chance to better expound your original point. For your own understanding, I would recommend reading the Monetarist explanation of the Great Depression: https://fee.org/articles/money-in-the-1920s-and-1930s/ https://fee.org/articles/money-in-the-1920s-and-1930s/. There is also the Austrian Economics approach which is built around the fact that inflation was promoted to keep commodity values constant -- in reality, I think both Monetarist and Austrian economic factors played a role. Most likely, I would guess the issue is that you don't understand the definition of volatility: https://en.wikipedia.org/wiki/Volatility_(finance)#Mathematical_definition https://en.wikipedia.org/wiki/Volatility_(finance)#Mathemati... Please review these materials and explain how price volatility is related to the sign of inflation, or whether you meant something else. My assumption is that it is not, and I have seen no evidence to suggest otherwise. You can look at the most volatile years of US exchange rates and they were during the Jimmy Carter "stagflationary" era. You may be conflating volatility of a currency with volatility of other measures in an economy.