both inflation and deflation are not good; both are detrimental to society. However, inflation is considered the better instance. Inflation benefits the rich, and hits the poor when they’re already down. However, deflation reduces the average income, and therefore affects every social class. This whole process will almost certainly lead to a Depression.
Prabhakaran D
both inflation and deflation are not good; both are detrimental to society. However, inflation is considered the better instance. Inflation benefits the rich, and hits the poor when they’re already down. However, deflation reduces the average income, and therefore affects every social class. This whole process will almost certainly lead to a Depression.