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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (39488)6/13/2000 9:54:00 PM
From: sidney-8  Read Replies (1) of 42523
 
Take a look at fig 1 on page 6 of a 250k pdf file at:
csf.colorado.edu
(click on Gold, Debt and the Great Depression). That chart depicts the absence of significant deflationary periods as of late that you are describing. And the paper puts forth something of an explaination for why it has happened... althought it's been a couple wks since I read it. I sent you this link before and you were probably too busy to take a look, but I do believe it's right in line with the stuff you are now looking into.

I would have liked to have seen a more substantial explaination of the normalization constants or functions which were applied to the data on fig 1, but that's economics for you.

mike
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