4 ms·
From my (maybe naive) understanding of current economic theory, it's that a small amount of inflation is what grows an economy. And an important part of that is
by jimkleiber 2y ago
From my (maybe naive) understanding of current economic theory, it's that a small amount of inflation is what grows an economy. And an important part of that is unpredictable levels of inflation/deflation.
So I'd assume a small amount of predictable deflation would shrink an economy.
Anyone know more about this?