21 October 2009

Re-defining terms: forget inflation and deflation

In this episode of Practical Economics Matt Stiles talks about how the recession is far from over, and that the entire inflation/deflation debate may be irrelevant since the very definitions used for these terms don’t describe the phenomena we are seeing in the global economy. Matt goes on to say that the recession may be part of a generation cycle, and that it is inevitable that boom and bust cycles will persist forever. Check out Matt’s blog at http://futronomics.blogspot.com/.

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