Deflation is inflation’s polar opposite. It’s what happens when prices go down and you get more bang for your buck. Sounds good right? But deflation, like inflation is complicated and much less understood than inflation. It can lead to what’s called the deflationary spiral and grind the whole economy to a halt.
Read the whole piece here: http://www.mint.com/blog/finance-core/a-visual-guide-to-deflation/
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