These kinds of articles may be of interest to those who are now only getting up to speed. But for those of us who have been on top of this since the beginning know how it's gonna end - badly.
I used to fall in the deflation camp - I actually thought (silly me) that governments would follow the rule-of-law with regard to defaults and proceed via 'normal' bankruptcy channels.
Now I know better - they've chosen effective default via currency destruction. After all, this allows them to retain their bonuses & positions of power.
At the end of the day, it functionally doesn't matter if (a) they tell the 47% there is no more money; or (b) they lock the CPI and pay the 47% pennies on hundreds of dollars.
Option B keeps the structure in place - for awhile at least, which is all they're hoping for at this point.
A strict wage/price freeze might delay things during economic surgery for a little while, but basically we’ve got a dead parrot and nailing its feet to the perch will be a tough and painful job, if not useless. Denninger has been blowing this horn for quite some time now. I tend to believe him, especially when he talks about prison terms for the guilty.