Nova (stylized NOVÎ») is an American popular science television series produced by WGBH Boston. It is broadcast on Public Broadcasting Service (PBS) in the U.S., and in more than 100 other countries. The series has won many major television awards.Nova often includes interviews with scientists doing research in the subject areas covered and occasionally includes footage of a particular discovery.t is broadcast on Public Broadcasting Service (PBS) in the U.S., and in more than 100 other countries. The series has won many major television awards. Nova often includes interviews with scientists doing research in the subject areas covered and occasionally includes footage of a particular discovery.
So deflation exerts a depressing effect on spending by raising debt burdens â which, as Fisher also points out, can lead to another kind of vicious circle, in which depressed spending because of rising real debt leads to further deflation.
Deflation is defined as a decrease in the general price level. 1  It is a negative inflation rate. 2  Deflation means the value of money will increase.  Deflation is often associated with periods of negative or stagnant economic growth (Great Depression, Japanese economy in 1990s, early 2000s).