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Recent Posts

CONVERSABLE ECONOMIST: Deflation: The Case for Worrying Less

As a starting point, consider pre-World War I episodes of deflation from 1860-1901 in ten countries: Belgium, Canada, France, Germany, Italy, Japan , Netherlands, Switzerland, United Kingdom, United States. Some of [...]

A Funny Thing Happened On The Way To Deflation | Michael …

Right-side-up it looks like core inflation bottomed in the UK at the beginning of 2009, and in Europe, the U.S., and Japan in 2010. Only in Japan is the upward trend less robust (although no country bests the U.S. consistency of … [...]