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Deflation and Inflation are two very different things; in particular, deflation is not the opposite of inflation What am I missing? The very first sentences f
by colanderman 13y ago
Deflation and Inflation are two very different things; in particular, deflation is not the opposite of inflation
What am I missing? The very first sentences from the articles he linked:
In economics, deflation is a decrease in the general price level of goods and services.
In economics, inflation is a persistent increase in the general price level of goods and services in an economy over a period of time.
How are those not opposites?
- SideburnsOfDoom 13y ago> What am I missing? ... How are those not opposites? Yes, but "We have deflation" is not the opposite of "we have inflation". It means that the consequences - the effects that they have on societies that experience them - are not simple opposites.