IMO, deflation is unavoidable and will bring an incredible amount of social stress. The likes of which we have never seen before. All they are doing now is delaying the inevitable while making things worse and wishing for a miracle.[/quote]
Totally agree with prolonging the inevitable and making it worse.
The reason I’d go along with direct, govt loans and work programs would be to help ameliorate the social problems, and to allow the more productive parts of the economy to be somewhat sustained through the deflation, even if it’s slower/lower than some might like.
