So, when you are looking at the world as a deflationist, confident of your opinion, what actions/investments/decisions taken by the inflationary crowd look foolish and why?
Also, how does this deflationary world differ, qualitatively from the stagflation world? Instead of slowing economy and increasing money supply, we have a slowing economy and decreasing money supply ?
I can go that far, but the implications/repercussions escape me.
