|
|
|
|
|
|
by spiralx
1694 days ago
|
|
|
Before your examples Europe had the Great Bullion Famine during the 15th century that caused deflation across the continent due to the lack of gold. This was ended when the Spanish started flooding Europe with vast amounts of gold from the Americas, which then caused massive inflation instead. https://en.wikipedia.org/wiki/Great_Bullion_Famine A long period of deflation followed by a long period of over-inflation doesn't scream stability to me! |
|
|