dilettantedude

Deflation Changes the Rules

debt and asset destruction are inherently deflationary. i don't think all the new debt is about to be monetized yet. the government is simply creating debt, selling it, and buying other debt with the cash. it isn't buying goods and services or employing lots of people or raising wages, so i don't see how it can be inflationary until it starts increasing demand relative to capacity. good luck on that. it's a problem i wish we had.