Yeah the deflationary death spiral. Although the deflation of prices is usually the symptom of economic crisis rather than the cause. I saw a chart of the purchasing power of a dollar across the 20th century, and the peak was during the Great Depression.
Yeah the deflationary death spiral. Although the deflation of prices is usually the symptom of economic crisis rather than the cause. I saw a chart of the purchasing power of a dollar across the 20th century, and the peak was during the Great Depression.