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Politics : View from the Center and Left
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To: JohnM who wrote (140768)7/14/2010 8:42:17 AM
From: Steve Lokness  Read Replies (1) of 543035
 
John;

Krugman is focused on solving the looming deflation problem

Isn't inflation the invisible tax though? I worked hard and put away my money, I would hate for inflation to eat away at it making it worthless. ..........Might this be about where we live? Here the economy continues to roar along. There are indeed budget woes at every level of government but they were created by excesses. These excesses will not be changed without some pain. Well except in the case of runaway inflation.

Steve
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