Conjecture on Reversing Deflationary Expectations.

By: Flagstaff (Diary)  |  February 4th at 02:55 AM  | 

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 »