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Most economists consider deflationary spiral to be a nightmare scenario. See: Great Depression and Japan's lost decade.
by jbooth 15y ago
Most economists consider deflationary spiral to be a nightmare scenario. See: Great Depression and Japan's lost decade.
- analyst74 15y agoI have no good answer to turn the world into a harmless place, but at least part of the cause of Great Depression was measures to pull the economy out of the recession that preceded it. Nobody is happy when economy stagnates, but keeping the economy going by inflating prices of goods has never worked out in the long term. At some point it will crash, and it will hurt more the higher you go.