-Caveat Lector-
> The Imaginary Evils of
> Deflation
> by Christopher Mayer
> [Posted September 11, 2002]
Mayer's article is superficial analysis.
The reason pending US deflation is a bad thing is because
it is asset deflation caused by deflating profits. Of course
deflation caused by increased
-Caveat Lector-
--- Forwarded message follows ---
http://www.mises.org/fullstory.asp?control=1040
The Imaginary Evils of
Deflation
by Christopher Mayer
[Posted September 11, 2002]
Deflation is popularly defined as a general fall in prices; it is the
opposite of what most people generally
