Why Deflation Is Good for the Economy
By Frank Shostack The yearly growth rate of the consumer price index (CPI) stood at 2.7 percent in November, against 2.6 percent in October. In June 2022, the yearly growth rate was 9.1 percent. The price of a good is the amount of money asked per unit of some particular good at which an exchange will obtain. It follows, then, that if the quantity of money increases faster than the…
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