Post
Topic
Board Economics
Re: Were the Keynesians wrong?
by
DanielT
on 31/01/2015, 17:10:55 UTC
Quote from: deflation, Merriam-Webster, Inc. link=http://www.merriam-webster.com/dictionary/a?ref=dictionary&word=deflation#
2  :  a contraction in the volume of available money or credit that results in a general decline in prices
(Red colorization mine.)

The supply of electronics was expanded.

That is a fail definition if you are trying to defend the idea of deflationary spiral. A Keynesian would say that deflation is price decrease, and not a contraction of money supply. (which never ever happened)