Debt based economy explained
Someone asked this question on marketwatch
I don't understand deflationary depressions, i admit i do not know much. I need to learn though. Why couldn't the fed just print money to get the currencies value down? Or am i misunderstand deflationary.
Seems like theres a debate between inflationary depression and deflationary depression. Either way its bad. But can any tell me why we would go into a deflationary?
Here is the best answer someone posted there, thought people over here would be interested in reading so copied here