History shows it can be an economic nightmare
Imagine a world where the price of everyday goods, like your morning coffee or smartphone, continuously drops. It might sound like a dream come true, but history shows it can be an economic nightmare. In the 1930s, this phenomenon, known as a ‘Deflationary Spiral,’ plunged the world into the worst economic downturn ever recorded: The Great Depression. Fast forward to 2023, and the US Federal Reserve is once again raising interest rates in a world eerily mirroring those tumultuous times. But with all the technological advances, population shifts, and governmental strategies available today, could history repeat itself? Dive with us as we explore the intricate dance of inflation, deflation, and the role of human psychology in shaping our economic future. Trust me; this isn’t just about numbers on a chart.
Credit to : Game of Trades