A Deflationary Spiral? Not Likely in the U.S. [View article]
The prerequisite for stagflation is "debasing the currency", a proven norm that can be shown in practice back to the time of the Roman Empire.
If the "lesser of two evils", between deflation/inflation is inflation, then be careful of what you wish for. Stagflation is a proven law unto itself and obeys no government.
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The prerequisite for stagflation is "debasing the currency", a proven norm that can be shown in practice back to the time of the Roman Empire.
Jan 13 06:44 am
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All Comments by DiggerUK »A Deflationary Spiral? Not Likely in the U.S. [View article]
If the "lesser of two evils", between deflation/inflation is inflation, then be careful of what you wish for. Stagflation is a proven law unto itself and obeys no government.
What then is plan B?