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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: SouthFloridaGuy who wrote (29050)4/30/2005 5:57:09 PM
From: Elroy Jetson   of 116555
 
Deflation is indeed a normal attribute of a growing capitalist economy. More importantly it does not need to be cured.

The regular additions of money and credit added by central banks "to cure deflation" are the force which create a long term build-up in debt to unsustainable levels and provide the fuel for speculative bubbles.
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