[quote=urbanrealtor]While I am not sure I agree with his conclusion (in fact, I am pretty sure I don’t), I don’t see good arguments against it on this thread.
I wish Rich were about.
I suspect his comments would be a teensy bit more intellectual than some variation on “he is a poop head”.
Most of those here are not.
Here is a thought his article brings up for me:
What is the downside risk to the overall economy in mass deflation?
Rich’s articles on deflation seem to focus more on how it won’t happen rather than the risk if it should occur.
Feel free to correct me if I have missed one.
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We are deflating now. It’s not a risk, it is happening where it matters. However, inflation vs deflation is a little bit simplistic.
Mr. Krugman says:
So if prices aren’t rising, why the inflation worries? Some claim that the Federal Reserve is printing lots of money,
Has this guys seen a commodity chart the last few months? Oil has almost doubled.
He’s just throwing up strawmen and happily knocking them down, “wweeeeeee, look at me go!!” without empirically supporting any of his arguments.
