Recipe For Economics: Strip out all the fun interesting parts of Astrology, add a suffocating amount of clueless bros, and dump a full bottle of “rationalizations for not caring about the consequences of our cruelty” on top.
I’m talking about fucking Deflation. The gremlin that caused the Great Depression so no one wants to fuck with Deflation anymore.
The fuck are you in about randomly bringing up GDP when I’m talking about a completely different subject? Are you on some kind of derailment kick right now?
The stock market crash of 1929 where there was too much imaginary money floating around and it sudde ly vanished, combined with several years of freak weather(either too little or too much rain.)
Sure buddy. Its not like people had statistics in the 1929. Oh wait…
The deflationary period began in 1927. Long, long before Black Friday. Deflation then grew out-of-control over the next few years, leading to 30%+ unemployment numbers (because as we all know, deflation causes unemployment).
After the 1930s, this country pretty much swore off deflation ever again. We have done our best to avoid deflation, for good reasons as the graph above should make obvious.
They need to add that prices falling is terrible for how we measure economic success
Recipe For Economics: Strip out all the fun interesting parts of Astrology, add a suffocating amount of clueless bros, and dump a full bottle of “rationalizations for not caring about the consequences of our cruelty” on top.
I’m not talking about GDP.
I’m talking about fucking Deflation. The gremlin that caused the Great Depression so no one wants to fuck with Deflation anymore.
The fuck are you in about randomly bringing up GDP when I’m talking about a completely different subject? Are you on some kind of derailment kick right now?
Deflation didnt cause the great depression.
The stock market crash of 1929 where there was too much imaginary money floating around and it sudde ly vanished, combined with several years of freak weather(either too little or too much rain.)
https://www.bls.gov/opub/mlr/2014/article/one-hundred-years-of-price-change-the-consumer-price-index-and-the-american-inflation-experience.htm
Sure buddy. Its not like people had statistics in the 1929. Oh wait…
The deflationary period began in 1927. Long, long before Black Friday. Deflation then grew out-of-control over the next few years, leading to 30%+ unemployment numbers (because as we all know, deflation causes unemployment).
After the 1930s, this country pretty much swore off deflation ever again. We have done our best to avoid deflation, for good reasons as the graph above should make obvious.