Mulberry St., New York, N.Y., 1900 We wrote about the deflation versus inflation debate last year, and provided a couple of perspectives regarding how to frame, or define, the terms: namely, changes in money supply versus changes in nominal prices. Today, Stoneleigh at The Automatic Earth provides a better and more detailed explanation in her …
Winnie-the-Pooh There is disagreement among economic observers regarding whether the economy is more likely to experience troubling inflation or deflation in the next couple of years. Some who expect increased inflation reference current fiscal and monetary policies that, alone, are inflationary. Examples include recent government stimulus packages, historically low discount and federal funds rates, issuance …
Remember the Saturday Night Live sketch with actor Christopher Walken portraying a music producer who prods a rock band to use more Cowbell? Quite comical. Now, replace Cowbell with Education, and we get a sense of the laments of many highly educated, motivated and personable people. Two blogs at Mish’s Global Economic Trend Analysis expose …
