Depression Era Propaganda from 1933; Hooray for inflation!

HT: Hoost

Acknowledging that I am something of an inflation hawk, the crisis of the early 30's was greatly exacerbated by bad policy decisions both in the Fed and the Hoover administration which combined to severely constrain the money supply, wipe out credit, and virtually bring to a stand still foreign trade and commerce. Which is to say that yes, a severe deflation can be almost as devastating as a severe inflation.