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Recent Posts

Deflation and the dangers of 'turning Japanese' – Steven McCabe …

Optimists argue that a number of things will occur militating against the normal problems associated with falling [...]

Peter Schiff "Deflation Is Good" Greece Hits 28% unemployement (61% under age 25)

Before the crash when Greece was growing at up to 5% annually, about 50000 jobs a year were added to the economy. Before Greece received its first [...]

The Japanese Laugh At Peter Schiff’s Idiotic Notion That Deflation Is Good For Their Economy

http://www.nytimes.com/2010/10/17/world/asia/17japan.html?pagewanted=all [...]

The Economics Forum 21: The Minsky Moment: How Paul Krugman …

A ” Minsky Moment” in which both the lender (“patient capitalist”) and the borrower (“impatient capitalist”) finally realise that theirs is sheer “speculation” and that the “profits” they anticipated from production are not going to materialise …. But Krugman simply “has” to confront this problem – and he does, as we saw, when he acknowledges that “debt-deleveraging” (or Fisherian debt- deflationary ) “shocks” occur when our dear “patient and impatient” capitalists “suddenly … [...]

Peter Schiff Says Deflation Is Great (& Doesn’t Understand Difference With Price Compression)

Peter Schiff once again demonstrates his economic illiteracy by comparing cell phone & laptop prices with staple prices. Prices of cell phones and laptops are not dropping due to deflation, they are dropping due to price compression mainly from technological advances. Why does this primitive ape think the US government introduced the concepts of ‘hedonics’, quality and substitute bias into inflation calculations – no, it’s not to fudge inflation data – it’s to properly balance out apples to orange calculations across different product categories. Despite Japan’s lost 2 decades as an example, this nincompoop still maintains that deflation is great for economies. www.businessweek.com www.nytimes.com www.nytimes.com [...]

Peter Schiff’s Laughable Assertion That ‘Economic Growth = Increased Production = DEFLATION’

Only a seriously retarded dumbshit would be able to conjure up such an asinine theory. Its not that this guy just has NO basic economic knowledge – hes a complete doorknob. SchittReport can only laugh and laugh and laugh (non-stop) at the material Petey is providing him to make these [...]

America’s Economy 2010-2016: Deflation To Pure Inflation — Alternative Scenario

An examination of where America is economically if she does not pay-off her debt and where she will be by [...]