Deflation Quotes
Deflation Quote of the day
Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.
If inflation is the genie, then deflation is the ogre that must be fought decisively.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
A big secular thing going on is technology and deflation. This is where I think millennials are getting that it is an improvement in life, and they're taking advantage of it.
Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.
Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world.
The unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades.
A little humiliation and ego deflation, now and then, is good for apprentices. Mine sighed miserably.
Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.
