johnny2chord

Isn't Deflation a Good Thing?

We are going to have a deflationary period followed by an extreme inflationary period. This is why the Federal Reserve and the federal government need to stop manipulating the interest rates and flooding the economy with bailout money created by selling treasury notes. It will come back to haunt us all, except for the wealthy. (I am talking about the truly wealthy. No the "Joe the Plumber" type morons who think they are wealthy.