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February 20, 2017

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tripzero

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Feb. 1, 2012

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Also, deflation isn't synonymous with recessions/depressions. We experienced deflation for most of our history -especially during the industrial revolution when we created the middle-class of America.

It's not deflation you need to fear -it's the bubbles caused by inflation and interest rate manipulation. Falling prices will allow consumers to buy more. It's good for everyone except big banks and the federal reserve.

We've had deflation in the computer industry for over a decade. Yet people buy more and more computers?

(Suggest removal) 2/1/12 at 7:05 a.m.

Inflation by the CPI is over 3%. How much interest do you get in a savings account? ~1%? That means you are losing 2% just by saving your money.

The government's CPI also doesn't include raising prices of food and energy -which have gone up a lot over the last 4 years.

It's outright foolish to write-off free market/libertarian economists who saw the housing bubble building while the mainstream was asleep at the wheel. The reality is that it was supplied by credit from the fed.

Free markets don't need a central bank. Our constitution doesn't grant the authority to create one either.

(Suggest removal) 2/1/12 at 7:01 a.m.

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