David Frum

@davidfrum ↗

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Last Checked Feb. 9, 2022

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Fri Jun 04 19:10:50 +0000 2021

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David Frum @davidfrum

Maybe these are impossible might-have-beens. But as we in 2021 hear urgent advice to start deflating RIGHT AWAY - it's worth looking back at sad passages of history to re-learn that deflation has costs at least as serious as inflation. END — PolitiTweet.org

Posted June 4, 2021 Hibernated

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David Frum @davidfrum

And the United States had experience to learn from. The decision in 1873 to deflate prices to pre 1861 levels had cost the Republicans the House of Representatives in 1874 - and brought Reconstruction to an end soon after. 15/x — PolitiTweet.org

Posted June 4, 2021 Hibernated

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David Frum @davidfrum

... US economic and monetary AUTHORITIES ... — PolitiTweet.org

Posted June 4, 2021 Hibernated