…of lack of indexation for inflation/deflation as an example. The purpose of the piece is to justify the carried interest treatment of money managers’ gains from dealing with other people’s…

…simplifying things to the point of error. At least, he should be talking about deficits/surpluses and their Inflation/deflation effects, not just taxes. Now I suppose if you add ceteris paribus…

…of either Fisher or Minsky: Fisher’s idea was less influential in academic circles, though, because of the counterargument that debt-deflation represented no more than a redistribution from one group (debtors)…

by Rebecca Wilder EA Infernal Devaluation Progressing The EU answer to rebalancing portfolio and trade flows within the Euro area (EA) without currency devaluation is recession and deflation. They call…

…1935. Here’s what we see: after some massive deflation during the Great Depression, prices start to rise more or less when FDR took office. The annual percentage change in PPI…

…a serious policy incompatibility problem, at least over the intermediate term horizon, with efforts at internal devaluation (ID) – that is, attempting nominal domestic private income deflation in order to…

by Mike Kimel Howard Hill on has been arguing with gold bugs: I know that some readers are going to say “Wait. The gold market is saying inflation, not deflation.”…

…Now not so much. M/P doesn’t matter so P only matters because of debt deflation (lower P makes nominal mortgage debt an ever worse problem) so wage and price flexibility…

…we are experiencing deflation real wages will fall again this month. Given this weakness in wages and earnings it is extremely difficult to see where growth is going to come…

Another edition of my diatribe on QE-II. Here I reply to Noah in comments who discussed debt deflation and also explain my guess about what happened going beyond the evidence….