“Just as inflation is always and everywhere a monetary phenomenon so is deflation and it is fought in the same manner, by adjusting the money supply”
We are not seeing much sign of deflation in the money supply – it still in the heading upwards. Let’s hope you “neo-liberals” are right and deflation is just round the corner or we will be serious trouble in a couple of years.
“Just as inflation is always and everywhere a monetary phenomenon so is deflation and it is fought in the same manner, by adjusting the money supply”
We are not seeing much sign of deflation in the money supply – it still in the heading upwards. Let’s hope you “neo-liberals” are right and deflation is just round the corner or we will be serious trouble in a couple of years.
Jim Rogers (Video) puts it rather stronger than I would.
“We are all neoliberals now” –
Speak for yourself!