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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: sea_biscuit who wrote (50505)5/3/2006 8:34:08 PM
From: orkrious  Read Replies (1) of 116555
 
But that will lead to deflation - {{{{Shiver}}}}. Is it not better to have inflation a la the 1970's rather than deflation a la the 1930's

Nope. Deflation is only bad for those people in debt. If we as a country would learn to save, people would welcome cheaper prices. Deflation is a natural result of capitalism. It's central banks that screw things up.
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