Repression of demand

[James Devine]

Doug writes: > Note his [Summers'] description of the Clinton economic
strategy - exports, investment, exports, and fiscal discipline, which
implies a so-far nonexistent repression of domestic demand and the
encouragement of capacity expansion, which is not the way to fight deflation.<

what is the right way to fight deflation? wouldn't US "repression of
demand" (slowdown or recession) have the potential of making world
deflation worse?

Jim Devine jdevine at popmail.lmu.edu &
http://clawww.lmu.edu/Departments/ECON/jdevine.html