Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That is partly because most central banks are obsessed with "inflation targets". With interest rates as low as they are and stagnant wages, maybe deflation would be a good thing. This wouldn't be "stagflation" as the economy keeps growing at a normal rate.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Nov 30th, 2005 at 10:34:54 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series