Very interesting statement that makes a lot of sense--that hoarding items will contribute to deflation, and once deflation runs its course, economic recovery will come (Fed-fed hyperinflation notwithstanding). I'm becoming more and more convinced that the Austrian school of economics that Mises represents is the one that makes the most sense:
Hoarding feeds deflation, then comes recovery
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Posted - 04/26/2009 : 01:22:16
