toastmeister

@toastmeister@lemmy.ca

This is a remote user, information on this page may be incomplete. View at Source ↗

⁨Comment⁩ on ⁨[deleted]⁩ ⁨⁨9⁩ ⁨hours⁩ ago⁩:
I think its because deflation is when the money supply is contracting, so asset values begin to be valued at their actual value instead of their inflated nominal value. Which an inflated nominal value causes more consumption via the wealth effect, and the misallocation known as the business cycle.