3 ms·

2008 had one of the top 5 or 6 peaks of inflation over the past century! So not sure how you're deducing there was no inflation. The deflationary spiral happen

• rory 4y ago
  > 2008 had one of the top 5 or 6 peaks of inflation over the past century! More like the 9th or 10th, but nonetheless I see what you're talking about with the summer 2008 oil spike. The problem with this analysis is that a deflationary spiral is really more about price jerk than inflation itself. In other words, the rate at which inflation is changing is the bigger concern than the inflation rate itself. > So not sure how you're deducing there was no inflation. This is a strawman you've entirely made up, so I won't respond to this portion.
  • edmcnulty101 4y ago
    > This is a strawman you've entirely made up, so I won't respond to this portion. > More like the 9th or 10th I think you just did.
    • rory 4y ago
      ??