Carbon-Dioxide: the gas of life!
-
Europe already has one foot in 'Japanese’ deflation grave
The EU authorities would do well to study Professor Irving Fisher's seminal paper from Econometrica in 1933, The Debt Deflation Theory of Great Depressions. The central argument should by now be self-evident, though a certain sort of mind had trouble grasping it then, just as it does today. If the price level is falling - the "swelling dollar" in Hoover's America - the real burden of the debt keeps rising. Deflation may seem relatively benign in "low-debt" countries at certain times, though less benign than claimed by a rentier class that lives off coupons. People forget that it was a major cause of the American ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Oct 23, 2013 5:57pm Oct 23, 2013 5:57pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4763 Comments
- Comment #2
- Quote
- Edited Oct 24, 2013 5:06am Oct 23, 2013 6:00pm | Edited Oct 24, 2013 5:06am
- billv
- Joined Dec 2011 | Status: Member | 1068 Comments
Have a nice day
- Comment #3
- Quote
- Oct 23, 2013 7:31pm Oct 23, 2013 7:31pm
- janknoah
- | Joined Jul 2013 | Status: Member | 32 Comments
- Comment #4
- Quote
- Oct 23, 2013 7:36pm Oct 23, 2013 7:36pm
- realjumper
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
Doing what you like is Freedom. Liking what you do is Happiness.
- Comment #5
- Quote
- Oct 24, 2013 1:27am Oct 24, 2013 1:27am
- SupaMonkey
- | Joined May 2012 | Status: Not Just Any Monkey! | 12 Comments
- Comment #6
- Quote
- Oct 24, 2013 4:08am Oct 24, 2013 4:08am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4763 Comments
Carbon-Dioxide: the gas of life!
- Comment #7
- Quote
- Oct 24, 2013 4:20am Oct 24, 2013 4:20am
- SupaMonkey
- | Joined May 2012 | Status: Not Just Any Monkey! | 12 Comments