Mish is one of the few financial writers who understands that deflation, a monetary event, is a very good thing. All government policies have winners and losers. The 1% win when the policy is to goose up inflation.
Thus, when deflation begins to occur, the powers that be go into panic mode, and insist you shoudl be afraid, very afraid, in spite of this being good news for you.
As soon as deflation wipes out (merely corrects) the bad inflationary policy, we can begin economic recovery.
Give Mish a read for the scoop on deflation.
Feel free to forward this by email to three of your friends.
Thus, when deflation begins to occur, the powers that be go into panic mode, and insist you shoudl be afraid, very afraid, in spite of this being good news for you.
The Italian National Institute of Statistics (ISTAT) reports that consumer price inflation declined by 0.1% from August 2013 to August 2014.
As soon as deflation wipes out (merely corrects) the bad inflationary policy, we can begin economic recovery.
Give Mish a read for the scoop on deflation.
Feel free to forward this by email to three of your friends.
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