Melatonin@lemmy.dbzer0.com to Asklemmy@lemmy.ml · 2 years agoHow come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?lemmy.dbzer0.comimagemessage-square142fedilinkarrow-up1427arrow-down114
arrow-up1413arrow-down1imageHow come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?lemmy.dbzer0.comMelatonin@lemmy.dbzer0.com to Asklemmy@lemmy.ml · 2 years agomessage-square142fedilink
minus-square𝕾𝖕𝖎𝖈𝖞 𝕿𝖚𝖓𝖆linkfedilinkarrow-up33arrow-down2·2 years agoThe dollar got about 25% stronger…during the Great Depression. $100 in September 1929 had the same buying power as $79 in September 1935. Systems built on the concept of infinite growth do not like to shrink.
The dollar got about 25% stronger…during the Great Depression. $100 in September 1929 had the same buying power as $79 in September 1935. Systems built on the concept of infinite growth do not like to shrink.