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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: SGJ who wrote (63475)4/22/2009 10:44:43 AM
From: Steve Lokness  Read Replies (5) of 224738
 
However, the numbers say a period of inflation is underway. A drop in housing prices is not deflation.

That debate is still open. If you follow Mish's thread you have a better understanding of what inflation and deflation are. The news from Spain this morning should be a wake up for those who believe we are in a period of inflation.

nytimes.com
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