Finance News, Academic articles, and other things from FinanceProfessor.com. Remember Finance is not only important, but it is also fun!!!
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.
Post a Comment