• PKMKII [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    9
    ·
    9 days ago

    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.