President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (128453)	12/5/2012 12:14:17 PM
From: tejek	Read Replies (1) of 149317

And why not? Try some out of the box thinking. Everyone believes deflation is bad. But who is it bad for? Who benefits from deflation? Ask yourself those questions and be honest, at least with yourself, even if you don't want to post your answers here, if they make you look silly. Look.....we can argue between now and when the cows come home the benefits of deflation or inflation for that matter. Yes, some will benefit but overall deflation is a big negative and would have caused some serious damage to the economy. If you want to believe otherwise, that's your right.

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