Jan
29
2009
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Is deflation bad, and why?

Deflationary Spiral (photo by FireChickenTA99 - CC-BY)Deflation is the opposite of inflation. Deflation is what we call it when things get cheaper. What could possibly be wrong with that? And yet some people argue that deflation is one of the worst things that could happen. How can that be? Suppose flat panel TVs keep getting cheaper. Some people will spend less [more...]

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