^^^^ this x100 Open any economics history book about the 18th-19th century and read about financial panics, robber barons and deflationary death spirals
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Replying to @Tr0llyTr0llFace @arthur_affect
Any examples of deflationary death spirals from 18th-19th centuries?
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Of course not
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"Unfortunately, most historians and economists are conditioned to believe that steadily and sharply falling prices must result in depression: hence their amazement at the obvious prosperity and economic growth during this era"
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Murray Rothbard can eat my ass
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Your sex life is none of my business
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Replying to @Sigismond_bis @arthur_affect and
But whatever - another example ?
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An armed uprising? This is vastly more complex than deflationary sprial
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Armed uprising caused by a debt crisis caused by a deflationary spiral It's pretty simple and it's all laid out in the article, and historically it's pretty fucking common
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