3 ms·

>The deflation of a currency is when the currency gets more expensive, not cheaper. This is a perversion of the economic definition of inflation and deflation.

• kragen 2y ago
  These are two different ways of looking at the same thing, but the crucial issue here is the direction of inflation: inflation is when prices, measured in the currency in question, go up, not down. That is to say, the value of the currency, measured in terms of any given good, goes down, not up. jsbg was getting this backwards, and your comment isn't helpful in clarifying their confused thinking. Historically speaking, the "printing too much paper money" definition of "inflation", which is more or less what you're saying is "a perversion of the economic definition of inflation", preceded the "general increase in prices" definition you're talking about: https://en.wikipedia.org/wiki/Inflation#Classical_economics https://en.wikipedia.org/wiki/Inflation#Classical_economics