The economic profession developed some serious deflation PTSD from the great depression. I always heard deflation was bad. Nobody ever seemed to have a great ca

The economic profession developed some serious deflation PTSD from the great depression. I always heard deflation was bad. Nobody ever seemed to have a great case for why based on good historical data. This is a chart of the US annual inflation rate. Note that consistent inflation only occurs after ~1930. https://commons.wikimedia.org/wiki/File:US_Historical_Inflation_Ancient.svg https://commons.wikimedia.org/wiki/File:US_Historical_Inflat... This is a log-scale chart of US GDP per capita adjusted for inflation and international price differences. https://ourworldindata.org/grapher/gdp-per-capita-maddison-2020?yScale=log&time=1650..2018&country=~USA https://ourworldindata.org/grapher/gdp-per-capita-maddison-2... Do you see a discernible change in growth trend since the shift to consistent positive inflation? I don't. To be clear, I'm not saying this is even close to conclusive evidence, I just feel like its a compelling enough side-by-side to warrant further questioning.