| http://www.w3.org/ns/prov#value | - < The general wealth of a country would be destroyed by deflationary policies.>Yes, I agree.Our only disagreement is a matter of semantics (the definition of words).If you say, as Mike Shedlock (Mishedlo) does, that inflation is defined as an increase in the supply of money and credit, while deflation is the decrease of money and credit, deflation is certainly destructive.
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