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Message:: [QUOTE="mikem2000, post: 1791955, member: 30574"]What years exactly are you talking about? Perhaps it was the years between 1930 and 1933, one of the most dramanic of the deflaionary periods with deflation at 10% per year. Most folks call that period the Great Depression where umemployment was at 25 % Yeah, fun time for all. Perhaps you are talking about the years between 1815 an 1821, where deflation might have been even more severe than the Great Depression. That time period had all kinds of good times. Lets see, there were widespread forclosures, very high unemployment, bank failures, and a severe collapse in real estate prices. It was all topped off be the "Panic of 1819" Why don't you read about it. Those folks had a blast. Maybe something more recent. Talk with the good folks of Hong Kong who had a long periond of delation from 1997 until 2003 or so. I think they called that one "The 1997 Asian Financial crisis" But hey, maybe "crisis" is just slang for "Big Party"[/QUOTE]