Aristotle-to-Ricardo-to-Hayek turn the double play way better than Plato-to-Rousseau-to-Rawls
Wednesday, October 08, 2008
We've Become Japan
With interest rates today cut to 1.5 percent, i.e., given inflation, nominally negative, we're in for substantial deflation.
3 comments:
Anonymous
said...
> With interest rates today cut to 1.5 percent, i.e., given inflation, nominally negative, we're in for substantial deflation
Well, the economy shrinking, that may not be a bad thing
And I suspect that the usual "equation" for that includes other relevant variables, like the overall state of the economy, which probably balances out.
3 comments:
> With interest rates today cut to 1.5 percent, i.e., given inflation, nominally negative, we're in for substantial deflation
Well, the economy shrinking, that may not be a bad thing
And I suspect that the usual "equation" for that includes other relevant variables, like the overall state of the economy, which probably balances out.
It seems as though greedy, dishonest capitalists are destroying capitalism.
Anony:
This isn't about fraud--which, in some ways, makes it more troubling.
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