3 ms·
Look 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 Ca
by BenoitEssiambre 5y ago
Look 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.