Re: Fatal Flaw in Logic of the Crash Course?

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  • Tue, Feb 17, 2009 - 10:49pm

    #125
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Fatal Flaw in Logic of the Crash Course?

Add something about deflationary spirals and their destructive effects on economy: it is not clear why every deflationary period should be like the Great Depression, and therefore it is not clear why governments and central banks want to avoid it at all costs (by allowing inflation in the past and printing money right now).