Monthly Archives: June 2023
On the Importance of Deflation and Depressions
Deflation, in essence, means a general reduction of prices. As opposed to inflation, deflation allows consumers to buy more goods or services tomorrow with the same money they have today. Savvy consumers will then delay purchases in anticipation they can buy more for less in the future. Continue reading
Posted in Economy, MN Gordon
Tagged currency, debt, debt ceiling, default, deflation, dollar
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