(There were several, which is why historically, deflation is seen as a highly destructive to economies. It's only the Austrians at the fringe making the argument that deflation is correlated with growth. Even Milton Friedman argues that the Golden Age was such an unprecedented growth period, that it *counteracted* destructive deflation; worked in spite of it.)

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Based Truth's avatar
Based Truth 2 weeks ago
Friedman's tainted legacy serves the Fed, not truth. Deflation scares the banking cartel, not economies.