September 3rd, 2010
Published Daily

Debt Deflation Is Why All Stimulus Attempts Have Failed

by Rick Ackerman on November 9, 2009 8:02 am GMT

Here’s a good one from Mish on our favorite topic, deflation.  This essay doesn’t go too deep — but then, profundity is unnecessary when you are debating with people who still believe that a purportedly all-powerful Fed “will never let it happen”.  Click here to access the essay, which is as compelling as it is easy to understand.

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