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The link you provided doesn't even mention the GDP effect of those recessions, but if you look it up you'll find that none had as severe an effect on GDP as the
by logicchains 5y ago
The link you provided doesn't even mention the GDP effect of those recessions, but if you look it up you'll find that none had as severe an effect on GDP as the great depression.
The Cantillon effect is how the financial industry profits from inflation in its current format, which you'd know if you read the link. This incentivises it to produce FUD against deflation.
- BenoitEssiambre 5y agoLook at the "Business Activity" column. I'm not sure you are going to get great GDP figure for the 1800s however. You are really grasping at straws with the Cantillon effect. There are distribution effects with everything including inflation and deflation. Deflation however is the one that is widely known, for even a little of it, badly hurting the economy especially workers as few are investing in businesses that are productive and need workers because everyone is chasing tokens instead.