Birdwatch Archive

Birdwatch Note Rating

2023-12-03 18:04:18 UTC - HELPFUL

Rated by Participant: B3884B676CCB3E8C3DCEDF4E37C89EB86907C9E508CC2B90EF7CA773C24016F5
Participant Details

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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