…He associates deflation with inequality. We saw this in Japan in the last 20 years. During their period of deflation, labor share fell. Bruce Webb touches upon the connection between…

…monetary policy will not seem to be a problem, but once the world cannot accommodate it, the bifurcation of monetary expansion will create deflationary pressures.“ “Deflation or disinflation partially or…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…high cost of American health care. I begin by explaining the origin and meaning of the “single payer” label. I will then describe the two defects in S 1129 in…

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…the recession following Lehman’s demise is already over and the free market ready to assume its inexorable rise, while others talk of a double dip recession, persisting debt deflation and…

…contain inflation, but we’re not all that uncertain about it as we are with the issue of deflation. We’re far more unclear on the issue of deflation, and as a…

Producer Prices are Still Not Rising Unfortunately, the US still appears to be flirting with deflation. The BLS released new PPI numbers this morning, showing no increase in prices (excluding…

…They include everyone with a mortgage and almost all firms. A reduction in the price level causes debt deflation increasing the value of debts and not just the liabilities of…

…only one steady state, but partly that expectations augmented Phillips curves imply that persistently high unemployment causes ever accelrating deflation (hence not a steady state). HOwver, the data suggest simple…