The myth of deflation, Richard Salsman, Financial post

[Fears of “deflation” are widespread. By one account, “the scare word whispered around Washington these days is deflation, which means a falling price level and sometimes implies a stagnant if not collapsing economy.” The “scare word” also spooks the U.S. Federal Reserve, which is now planning to print US$600-billion in more paper money, even though it has already tripled its balance sheet since 2008, and even though currency-gold prices, the world’s most sensitive inflation indicators, have skyrocketed by 16% to 41% in the past year (depending on the currency), and by an average of 26%.]


http://opinion.financialpost.com/2010/11/11/the-deflation-myth/

crédit: @antagoniste_net

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