Archive for the ‘deflation’ tag
Tough Times
In truth, I’m not a dispassionate observer of this crisis. It effects me in the same way it is effecting virtually every American. It’s frightening, and I’m forced to reevaluate many assumptions I had previously taken for granted. Watching the stock market over the past two days is simply hard to stomach.
Paul Krugman writes:
We’re in the [...]
Deleveraging Our Nation
In a WSJ article from yesterday, the author explores how prices are dropping right and left, leaving our nation open to the very real possibility of deflationary forces. What’s this mean? Things get cheaper. But as the article confirms, “deflation can lead to a vicious spiral of business closures … and layoffs.”
But one phrase in [...]
