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Friday, June 12, 2009
A look at inflation from the 1930s
Inflation can save us? Uh, for real?
Clusterstock's BusinessInsider found this "classic". It is a 1930s era video.
2 comments:
Joe Savitsky
said...
The problem is that there was little to no inflation during the 1930s, so your point is moot. The rate of inflation did not exceed 4% in any year from 1929 until the US joined WWII in 1941, with several years of deflation. Only during the inflationary war and post-war years did the US economy recover from the depression.
Yeah I am not sure I really had a point. I just thought the video was entertaining. But you are right, inflation was basically non-existant in the US during the 1930s in total but there was some "bounce" after the deflationary early 1930s.
2 comments:
The problem is that there was little to no inflation during the 1930s, so your point is moot. The rate of inflation did not exceed 4% in any year from 1929 until the US joined WWII in 1941, with several years of deflation. Only during the inflationary war and post-war years did the US economy recover from the depression.
Yeah I am not sure I really had a point. I just thought the video was entertaining. But you are right, inflation was basically non-existant in the US during the 1930s in total but there was some "bounce" after the deflationary early 1930s.
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