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Deflation (view source)

Revision as of 04:33, May 20, 2017

146 bytes added ,  04:33, May 20, 2017
Annual interest rates on savings can become negative rather than the usual positive, as depositors may have to pay banks to safeguard the money.
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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.
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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.  Annual interest rates on savings can become negative rather than the usual positive, as depositors may have to pay banks to safeguard the money.
    
'''Deflation''' is the opposite of [[inflation]], but liberals consider deflation to be worse.  The [[Great Depression]], for example, was characterized by deflation.
 
'''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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