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> Inflation sucks but deflation is a death spiral. Do you actually have any evidence for this? Considering that we haven't experienced deflation in nearly 100
by desumeku 2y ago
> Inflation sucks but deflation is a death spiral.
Do you actually have any evidence for this? Considering that we haven't experienced deflation in nearly 100 years, and all. The USA certainly wasn't "death spiraling" before we went off the gold standard, quite the contrary. But now it seems we are.
- lxgr 2y agoBecause the kind of USD used in global trade (Eurodollars) has been decoupled from the Fed and its gold standard for a while before Bretton-Woods was abandoned through various mechanisms.