…seen inflation right around the corner for years continue to forecast a massive inflationary surge, the data implies that deflation may be much more likely.          …

…threats to prosperity in large advance economies are financial instability, slow growth with tendencies to deflation, and the concentration of income, wealth and political power in the hands of a…

Paul Krugman uses elementary Keynesian Macroeconomics to argue that the austerity demanded by the Troika would reduce the Greek debt to GDP ratio, if at all, only by causing deflation…

…achieved massive debt deflation. Tipping his hat to himself and Leigh (as I do) Blanchard does concede The decrease in output was indeed much larger than had been forecast. Multipliers…

…mess, we’ve outgrown our resources. We need social deflation– fewer people, less stuff, less waste, less war, more sharing. We need to downsize. So, who will agree to constrain themselves…

…comments about the expected inflation imp. I didn’t know about Bernanke et al 1999 and just looked at the Volcker deflation (which is alleged to show the power of expecations…

…rate of interest in the sense that keeping rates below that level leads to inflation, keeping them above it leads to deflation.” Paul Krugman, July 7, 2014 So the logic…

…now and then is another recession, one that I fear is likely to be worse than the 2008-09 recession because it is likely to include a spasm of wage-price deflation….

…are very vulenrable to outright wage deflation in the next recession, for the first time since 1938. So, this month’s housing permits and starts report takes on added importance, as…

…a recession. Neither Trump nor the GOP Congress will be equipped to fight it. A relatively minor downturn could cascade into a major disaster if there is actual wage deflation…