3 ms·
>I guess that's technically not inflation, but 50% deflation isn't great either and causes other economic problems Yes, there was a lot of deflation in the 180
by logicchains 3y ago
>I guess that's technically not inflation, but 50% deflation isn't great either and causes other economic problems
Yes, there was a lot of deflation in the 1800s, and although it caused hardship, GDP per capita continued to grow at around 4% throughout the century, without huge dips like we saw in the Great Depression or the GFC.