What does he think deflation is? That selling with no buyer with cash is what has caused deflation since the beginning.
I think very few people think we are going to have deflation forever. It will be a few months to a couple of years, then the long term trend of inflation will return. Fiat currency are inflationary and we still have that. That doesn't mean we don't have deflationary periods. The gold standard had some inflationary periods. This guy is pushing an agenda.
-SWUSC
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966.
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966.
Deflationary Hoax
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Posted - 11/16/2008 : 07:29:03
