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Deflation exists, the US Federal Reserve has a 1 page article about it here, in case you need proof for some reason: https://files.stlouisfed.org/files/htdocs/p
by zie 4y ago
Deflation exists, the US Federal Reserve has a 1 page article about it here, in case you need proof for some reason: https://files.stlouisfed.org/files/htdocs/publications/es/10/ES1030.pdf https://files.stlouisfed.org/files/htdocs/publications/es/10...
Otherwise, your comment is like grade school levels of understanding of how this all works. Modern banks have the ability to create money.