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To: hubbubhubbub
Deflation cripples debtors only. For everyone else it raises their standard of living.

How does it raise anyones standard of living?

61 posted on 11/29/2005 6:10:40 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot

1. Everything they buy is cheaper.

2. Their money is worth more.

3. Their debts owed are paid back in more valuable money.


65 posted on 11/29/2005 6:36:23 PM PST by hubbubhubbub
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