Conjecture on Reversing Deflationary Expectations.
Civil Truth posed some questions recently, and in attempting to answer them I developed this blog entry. His questions were about today’s deflationary pressures and inflationary expectations. I don’t think we have deflationary pressures and inflationary expectations. We have primarily deflationary “pressures,” creating deflationary expectations today. I don’t think our fiscal and monetary policies are at odds–they are both inflationary at the moment, about the | Read More »