Deflation in America, page 1
privacy
Pages:
ATS Members have flagged this thread 1 times
ATS Members have flagged this thread 1 times
Topic started on 9-5-2009 @ 10:14 PM by leo123
www.economist.com...
24.69.78.93...
The greater of two evils
Inflation is bad, but deflation is worse
===
Yup!
===
"MERLE HAZARD, an unusually satirical country and western crooner, has captured monetary confusion better than anyone else. “Inflation or deflation,” he warbles, “tell me if you can: will we become Zimbabwe or will we be Japan?”
How do you guard against both the deflationary forces of America’s worst recession since the 1930s and the vigorous response of the Federal Reserve, which has in effect cut interest rates to zero and rapidly expanded its balance-sheet? On May 4th Paul Krugman, a Nobel laureate in economics, gave warning that Japan-style deflation loomed, even as Allan Meltzer, an eminent Fed historian, foresaw a repeat of 1970s inflation—both on the same page of the New York Times.
There is something to both fears. But inflation is distant and containable, while deflation is at hand and pernicious."
===
Do read the whole article.
JK
24.69.78.93...
The greater of two evils
Inflation is bad, but deflation is worse
===
Yup!
===
"MERLE HAZARD, an unusually satirical country and western crooner, has captured monetary confusion better than anyone else. “Inflation or deflation,” he warbles, “tell me if you can: will we become Zimbabwe or will we be Japan?”
How do you guard against both the deflationary forces of America’s worst recession since the 1930s and the vigorous response of the Federal Reserve, which has in effect cut interest rates to zero and rapidly expanded its balance-sheet? On May 4th Paul Krugman, a Nobel laureate in economics, gave warning that Japan-style deflation loomed, even as Allan Meltzer, an eminent Fed historian, foresaw a repeat of 1970s inflation—both on the same page of the New York Times.
There is something to both fears. But inflation is distant and containable, while deflation is at hand and pernicious."
===
Do read the whole article.
JK
Pages: ^^TOP^^
Proponents of Gold Standard May Be Violent Extremists; Report ALL Suspicious Activity To the FBI
Posted 6 days ago with 44 member flags
Posted 6 days ago with 44 member flags
Greece : vote AGAINST the ``enslave all Greeks to the banks`` bill and get kicked out of government
Posted 1 days ago with 13 member flags
Posted 1 days ago with 13 member flags
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www3.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.028 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www3.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.028 seconds
