INFLATION reflects the ongoing fiscal/monetary disaster we have brought upon ourselves.
“Deflation is the underlying demographic/economic trend we’re dealing with.
INFLATION reflects the ongoing fiscal/monetary disaster we have brought upon ourselves.”
The “tug of war” between deflation & inflation could go on all decade.
I’m in the inflation is overrated camp, because of demographics(people are dying off with no replacements) and a misalignment of labor and capital globally.(nonessential businesses are a dime a dozen) Those nonessential businesses have been “pampered and babied” all over the globe. When they lose access to public and private credit, their operations will die off.