deflation was an effect of the depression not a cause

deflation is good as real incomes rise, cheaper to do business etc

Not to mention demand doesn’t run the economy

sorry, old pic

But incomes fall, profits fall, wages fall

Which incentivizes hoarding, which delays recovery

(hoarding of money)

The depression didn’t end there

It continued until the 40s

unemployment was still damn high

Yes

if anything FDR continued it

Alongside Hoover

guys if we had communism

It took the biggest government stimulus in history to end the depression

World War II

They both had the same Keynesian policies

WW2 didn’t end it either

It did though

literally no one would be unemployed

wtf

oof

Incomes fall profits wall wages fall

Just have the government buy everyone as slaves

No

No one unemployment

Because deflation happens due to the natural market forces

Not artificial

which is healthy

Which still causes wages and incomes to fall

“Hoarding”

Saving

But even then

That’s a myth

90% of the time deflation didn’t result in anything

Not really visitor

Cost cutting

and greater efficiency

Many other things less to deflation

Greater efficiency and cost cutting is good individually