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Deflation (view source)

Revision as of 22:11, January 5, 2015

470 bytes added ,  22:11, January 5, 2015
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But some disagree with the liberal view of this. ...
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'''Deflation''' is when the value of paper money (e.g., a dollar bill) increases over time.  The cost of goods "deflate" in their prices, so that what cost $1 last year may cost only 80 cents this year.
 
'''Deflation''' is when the value of paper money (e.g., a dollar bill) increases over time.  The cost of goods "deflate" in their prices, so that what cost $1 last year may cost only 80 cents this year.
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'''Deflation''' is the opposite of [[inflation]].
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'''Deflation''' is the opposite of [[inflation]], but liberals consider deflation to be worse. The [[Great Depression]], for example, was characterized by deflation.
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But some disagree with the liberal view of this.  As one observer points out, "[t]he period of the greatest growth in the U.S. during the nineteenth century, from 1820 to 1850 and from 1865 to 1900, was associated with significant deflation."<ref>http://mises.org/library/what%E2%80%99s-so-scary-about-deflation</ref>
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== References ==
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<references/>
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[[Category:Economics]]
 
[[Category:Economics]]
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