Deflation Hits Hard
Deflation Hits Hard explores the devastating impact of deflation on the U.S. economy during the Great Depression. It argues that unchecked price drops, compounded by insufficient policy responses, significantly prolonged the economic crisis. The book examines how deflation, often perceived as beneficial due to lower prices, triggered a cascade of negative consequences, including wage cuts and wide...
Deflation Hits Hard explores the devastating impact of deflation on the U.S. economy during the Great Depression. It argues that unchecked price drops, compounded by insufficient policy responses, significantly prolonged the economic crisis. The book examines how deflation, often perceived as beneficial due to lower prices, triggered a cascade of negative consequences, including wage cuts and wide...
