1770 - Cheaper spirits

In Fredman's epistle no. 24, the poet Carl Michael Bellman hailed deflation as it had made aquavit cheaper. Times are bad! People are sad - but with a lower nicker comes cheaper liquor…

Carl Michael Bellman worked as a clerk at the Riksbank, 1757–63. But this did not go so well and he was forced to leave the bank. When the deflation crisis broke out, he wrote epistle 24 about how, thanks to the crisis, he was able to drink on the cheap. Bellman had understood how the economy worked. The times were bad for many companies, but the imported grain used to make aquavit became cheaper when the exchange rate strengthened.