JasonC

Rate Cuts? What About Inflation?

The article writer is stark raving mad. This is deflation on an epic scale. Demand for money is not a constant, and right now it is infinity. That is why all future claims are being discounted to zero value, and only something liquid tomorrow has any. The time horizon of the entire civilization has shrunk to a matter of weeks. And this fool is worried about inflation! If authorities pull out all the stops, the price level might only fall by half. If they don't, try 10-fold.