I understand that now during deflation , cash is increasing in its purchasing power, but will this turn around over the long term with inflation running out of control? If Steve is busy any responses are appreciated, Thank you, … [...]
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Toil has produced the requisite 1000 words and time will tell whether it will appear @ URPE or not. If not I will post it here (I will post it here, regardless). Here are Professor Keen's 1000 words: Steve Keen (Debt Deflation ) … behind this correlation is that money is created “endogenously” when the banking sector creates loans, and this newly created money adds to aggregate demand—as argued by non-orthodox economists from Schumpeter through to Minsky [...] IMF calls on Japan to ease monetary policy to beat deflation – IMF calls on Japan to ease monetary policy to beat deflation . the 39484758th time will be the [...] |
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