Posted 12/27/2013 09:51 (#3550420 - in reply to #3550114) Subject: Re: How does an economy with no inflation/deflation function?
north central SD
I like the quote:
"Obviously, the side effects that accompany deflation are never pleasant. However, these bad side effects are not caused by deflation but rather by the previous inflation. All that deflation does is shatter the illusion of prosperity created by monetary pumping."