Great Depression. Huge economic downturn in the U.S. Consumer price index dropped by 25%! People kept waiting on lower prices, having low unemployment, and it pushes on in a deflationary spiral.
Again, escaped with Keynesian RWE
1 min read
Great Depression. Huge economic downturn in the U.S. Consumer price index dropped by 25%! People kept waiting on lower prices, having low unemployment, and it pushes on in a deflationary spiral.
Again, escaped with Keynesian RWE