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We had a system. We saw deflationary collapses in that system. We've seen them. They're real, and they are very destructive. So we mostly kept the same syst
by AnimalMuppet 2y ago
We had a system. We saw deflationary collapses in that system. We've seen them. They're real, and they are very destructive.
So we mostly kept the same system, but tried to tweak them to make deflation 1) much rarer and 2) less destructive.
- ThunderSizzle 2y agoWhat system collapsed due to deflation?
- AnimalMuppet 2y agoI didn't say the system collapsed. I said we saw deflationary collapses within the system. Look at the Panic of 1893, the Panic of 1907, and the Great Depression. If that's not enough, there are several others.