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deflation?

Discussion in 'Politics & World News' started by Toshi, Feb 9, 2009.

  1. Toshi

    Toshi Harbinger of Doom

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    may be more possible than you think

    http://www.nakedcapitalism.com/2009/02/steve-keen-roving-cavaliers-of-credit.html

    my cliffs notes/crude reading of this as posted on my own blog:

     
    #1 -   Feb 9, 2009

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  2. syadasti

    syadasti i heart mac

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    #2 -   Feb 9, 2009
  3. Silver

    Silver find me a tampon

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    Oh, it's possible.

    Which is also a reason why a stimulus package needs to be huge, and sooner rather than later. We're going to have to inflate to ease our debt obligations anyways.
     
    #3 -   Feb 9, 2009
  4. dante

    dante Unabomber

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    minyanville's been banging the deflation drum for quite some time now, here's their most recent piece: http://www.minyanville.com/articles/index/a/21045

    pretty scary stuff, and when I go to the local grocery store there's huge yellow signs everywhere talking about how they've reduced prices of 5000 items...
     
    #4 -   Feb 9, 2009
  5. Toshi

    Toshi Harbinger of Doom

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    more than simply being possible, the article i linked to above makes the argument that the fed really isn't in control of the supply of circulating money, an argument that is amply backed up by recent events.
     
    #5 -   Feb 9, 2009