4 videos
Prices don't always go up. They often go down. This might seem like a good thing, but it could be disastrous for a modern economy is it goes too far. This tutorial explains what deflation is, how it happens and what the effects of it might be.


VIDEO 3:10 minutes
Basics of deflation

Velocity of money rather than quantity driving prices

VIDEO 3:31 minutes
How velocity of money can drive price increases

Deflation despite increases in money supply

VIDEO 4:04 minutes
How you can have deflation even if the money supply increases

Deflationary spiral

VIDEO 3:51 minutes
Basics of a deflationary spiral