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A comment on US Business Booms and Depressions Since 1775 (1943). Parent comment

Re:US Business Booms and Depressions Since 1775 (1943) by AnimalMuppet on Tuesday May 21, 2024 @02:47PM (#40432255)
We had a system. We saw deflationary collapses in that system. We've seen them. They're real, and they are very destructive.

So we mostly kept the same system, but tried to tweak them to make deflation 1) much rarer and 2) less destructive.

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Re:US Business Booms and Depressions Since 1775 (1943) by ThunderSizzle on Wednesday May 22, 2024 @06:42AM (#40439422)
What system collapsed due to deflation?
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Re:US Business Booms and Depressions Since 1775 (1943) by AnimalMuppet on Wednesday May 22, 2024 @08:17AM (#40440043)
I didn't say the system collapsed. I said we saw deflationary collapses within the system.

Look at the Panic of 1893, the Panic of 1907, and the Great Depression. If that's not enough, there are several others.

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