Actually deflation is fine for the creditor class but bad for the debtor class. Essentially Shays rebellion in 1785 was for more inflation, as was William Jennings Bryan and the Cross of Gold speech, (Free silver means more money likely leading to more inflation)
Well the Wapo thinks this is good news!
“A silver lining of the European debt crisis is starting to emerge: falling prices in the United States.”
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/17/AR2010061702909.html
Yes we are now applauding deflation
“Silver lining”? For what? A coffin?
Another year of no SS COLA.
Lots of savings there.
Falling prices as fed by stagnant wages and high Unemployment and Not In Labor Force
Deflation is just fine for the masses.
Deflation bad for the ownership class………………..
Actually deflation is fine for the creditor class but bad for the debtor class. Essentially Shays rebellion in 1785 was for more inflation, as was William Jennings Bryan and the Cross of Gold speech, (Free silver means more money likely leading to more inflation)
That’s all true, but what I noticed is that safeway lowered the price of a loaf of bread. They also cut it from 24 oz to 22 oz.
Honesty is not a part of American enterprise.