:Since most Americans no longer rely on agriculture, and we are such a consumerist society, I would choose deflation over inflation. However, both are necessary and even unavoidable in a free-market economy, so we all have to deal with both. Hard money or gold/silver encouraged deflation and paper money inflation, which is why farmers preferred greenbacks over gold. (Addison DM) | :Since most Americans no longer rely on agriculture, and we are such a consumerist society, I would choose deflation over inflation. However, both are necessary and even unavoidable in a free-market economy, so we all have to deal with both. Hard money or gold/silver encouraged deflation and paper money inflation, which is why farmers preferred greenbacks over gold. (Addison DM) |