cyclingscholar

D-Day: Does Deflation Draw Near?

For every borrower hurt by deflation there is a lender helped by it...or have we forgotten that assets must equal liabilities? Deflation is a SYMPTOM of poor economic decisions, not a CAUSE. Restricting free trade and forcing resources into the inefficient public sector (known as a tax increase, for you liberals) made the recessions in 1929 USA and 1980s Japan into the lengthy depressions that they were.