<< Rakesh Bhandari wrote:
>Oh, on the question at hand, does deflation only benefit bond holders?
>Can't it aid the centralization process as well--driving weaker capitals
>to the wall, allowing better positioned ones to pick them up for a song?
I think deflation would also help those locked into wage contracts and fixed incomes. Since real income is a function of money income divided by costs, if costs go down, real incomes will increase.....and they are about to pension me off, yeah!
maggie coleman mscoleman at aol.com