Ask Prof Wolff LIVE: We've Heard of Inflation, But What's Deflation?

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An audience member of Ask Prof Wolff LIVE asks: "What are the major historical downsides to a deflation? Are price decreases in a specific sector (e.g. fuel if, hypothetically, the shocks to that supply chain end sometime) generally isolated from these?"

Prof Wolff answered this question during a live Ask Prof Wolff event.

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