Deflation – Living in a World of Falling Prices

Deflation - Living in a World of Falling PricesNorth America’s only enduring bout with deflation was in the Great Depression of the 1930s, a lost decade of economic hardship, high unemployment and falling prices. While there’s no immediate worry that we’re headed there, the debate has heated up as Europe copes with deep recession and a banking system on the brink. Even the U.S. is struggling after four years of weak growth. Deflation is a prolonged period of…

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