Scary only to people who hoard large amounts of cash in their mattress.
On the gold standard we had 20% year to year swings, but they averaged out on the side of deflation. Businesses were frequently run out of business because of the unstable money. But if you were hoarding cash, you did okay.
Plenty of businesses are being run out of business today, especially small businesses, in case you missed 2008-2013.
/johnny
You can’t possibly mean that.