austrian63

Deflation Is Just Around the Corner

user 55065 hit the nail on the head. 55065, you must remember that most "experts" and writers follow the herd mentality and don't use critical thinking. Also, if they are part of the monied interests, they don't do their own grocery shopping. You are correct there is NO systemic deflation (or more appropriately no sustained decrease in the general price level). A sustained decrease in the GENERAL price level is not possible in a fiat money system.

The prices of goods and services purchased by most people on a daily basis are rising not falling. Remember, just because the herd states certain axioms over and over does not make them true. Those who are warning of deflation now never warned of the current crisis that is the unintended consequences of expansionary monetary policy. Once inflation has hit historic levels, they will be warning us of inflation.

All current policy initiatives have as their stated purpose, rflation (currency devaluation) and the ever decreasing purchasing power of the dollar will also be their unintended consequence.