Birdwatch Archive

Birdwatch Note Rating

2023-12-03 19:46:59 UTC - HELPFUL

Rated by Participant: 1B8E9786016B943D9C361B28F3190E73B657B3B584F251968A9796EEC7932221
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Original Note:

The Great Depression was notable for its extremely high rates of deflation, not inflation. Prices fell by nearly 25% over the peak years of the Depression. https://www.frbsf.org/economic-research/publications/economic-letter/2009/march/risk-deflation/#2

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