> Is it deflationary? Yes. So was almost all currency before the 1970s.
Do you have a source on that? As I recall deflation is associated with economic depressions, and from what I'm seeing it looks like the inflation rate has been almost always positive since the 40s.
Do you have a source on that? As I recall deflation is associated with economic depressions, and from what I'm seeing it looks like the inflation rate has been almost always positive since the 40s.