Quotes of Deflation

“ You can't rule out deflation just because you've never seen it in your lifetime. ”

- N. Gregory Mankiw

“ I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered… ”

- Thomas Jefferson
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