Who’s Afraid of Deflation?
September 10, 2014 at 10:43 AM EDT
Everyone knows that deflation is bad. Bad, bad, bad. Why is it bad? Well, we learned it in school. We learned it from the pundits on the news. The Great Depression. Japan. What, are you crazy? It’s bad. Here, let Ed Castranova explain it to you (Wildcat Currency, pp.160-61): Deflation means that all prices are […] View the full post at: Who’s Afraid of Deflation? Related posts: Is Deflation Still a Threat? Deflation Risk? A Whiff of Deflation in the CPI Report
