deflation

The political system was indeed thoroughly corrupt, and the economy was a system of mass deprivation marked by financial crises, endless deflation, agricultural mismanagement, mechanized industrial cruelty, and child labor.

But “deflation” like the last day of high school?

Was there any feeling of deflation after you wrapped “Schitt’s Creek” and thought, “We’re not coming back next year to do this again.”

“Prices will come down and come down dramatically and come down fast,” he added, specifying that deflation — a term he refrained from using himself — would happen across the economy.

“The way to bring about deflation would be to create a massive recession. That would cause businesses to start cutting prices,” Wolfers said.