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A comment on US Business Booms and Depressions Since 1775 (1943). Parent comment
It depends on how deflation comes about. Technological innovation? Pretty good as the 1991 Radio Shack ad illustrates:
* https://www.huffpost.com/entry/radio-shack-ad_b_4612973
Through a collapse of economic activity and mass unemployment? Not so good.
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It depends on how deflation comes about. Technological innovation? Pretty good as the 1991 Radio Shack ad illustrates:
* https://www.huffpost.com/entry/radio-shack-ad_b_4612973
Through a collapse of economic activity and mass unemployment? Not so good.