Barnaby33, I think you’ve hit on the real matter and the basic definition of the Austrian Schools’ definition of inflation/deflation.
If wages cant rise, unemployment is rising and credit is constricting, I dont see how this is not deflating money availability.
I think that prices are really supply and demand forces at work. And if demand destruction out paces supply reduction, we should see prices decreasing. That’s all. At any rate, it looks to be the trend we are in right now.
