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> There will not be many working people if the economy is deflationary. The us had deflation between 1860 and 1910. I guess at the end of fifty years of that
by dnautics 5y ago
> There will not be many working people if the economy is deflationary.
The us had deflation between 1860 and 1910. I guess at the end of fifty years of that we had, like, no laborers, or something.
Please read a history book before provably wrong macro dogma rots your brain and all you do is spout nonsense that could actually harm people.
- yed 5y agoThat time period featured the longest depressionary period in US history with large spikes in unemployment [1] [1] https://en.m.wikipedia.org/wiki/Long_Depression#:~:text=In%20the%20United%20States%2C%20economists,of%20the%20wider%20Long%20Depression.&text=Different%20sources%20peg%20the%20peak,from%208.25%25%20to%2014%25 https://en.m.wikipedia.org/wiki/Long_Depression#:~:text=In%2....
- dnautics 5y agoAnd yet the economy grew and the country rose out of the ashes of an incredibly destructive civil war and became a world power, and brought a LOT of people out of poverty. So, maybe don't sweat the little stuff?