Deflationary crises were common before the invention of the central bank and fia... | Hacker News

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		baq on March 31, 2021 \| parent \| context \| favorite \| on: The political case for a blanket cryptocurrency ba... Deflationary crises were common before the invention of the central bank and fiat currencies. Instead of believing go read some history.

seibelj on March 31, 2021 [–]

The historical incidents of deflation are insignificant and very few. The incidents of hyperinflation are common, and incidents of high inflation are guaranteed with fiat currencies with very few exceptions.

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