[lbo-talk] How Significant Is Deflation?

Ian Murray seamus2001 at attbi.com
Thu May 15 09:14:26 PDT 2003


----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com>


> Dwayne Monroe wrote:
>
> >So I turn to those of you schooled in these matters;
> >how darkly portentious is this news?
>
> Moderately, so far. There's a nontrivial possibility of deflation,
> but it's not a sure bet yet in the U.S. But Mr Yen is worried!
>
> Doug
>

===================

Meanwhile Fed economists still peddle neo-Friedmanite twaddle in support of deflation:

http://www.phil.frb.org/files/wps/2002/wp02-19.pdf



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