Birdwatch Archive

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2023-12-04 00:57:40 UTC - NOT_HELPFUL

Rated by Participant: 1E8F6E9236275903BB3E41200349B2C817721DFA7F518965F71D90AA3DE19A55
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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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