Birdwatch Archive

Birdwatch Note Rating

2023-12-03 22:23:20 UTC - HELPFUL

Rated by Participant: 4013C3ECD5243BF8D14277EB2134E6A48BCD34AA7D4F4DE65E746671FD7B2941
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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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