Not at all, the economy NEEDS to deflate from the current inflation. The economy have too much money mis allocated. Too many industries are in a bubble. Some industries simply needs to go bankrupt so that viable ones can begin. Without this cleaning process, the economy will never recover. Its like a person on drug, needs to go thru withdrawal to cure itself. Ryan is saying, we need the drug to keep us from going into withdrawal as its painful. Deflation is not something we need to fight. Its capitalism cure for the system.
During Reagan, interest rate was set to 20% to deflate the money supply. We need something similar for this economy to recover
I agree with you 100% The system needs to collapse so that we can wipe out all the bad investments. In fact, I believe we have no choice...deflation is already baked into the cake. And Ryan believes that also. My only point was that by delaying the inevitable until the GOP (scum bag RINO’s and Tea Party conservative all) is in charge of all branches of the Government ( hopefully in 2013) we have a better chance of saving the system of capitalism from a panicked population than if Obama and his commies are in charge.