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user4779
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Hurts So Good: When Exactly Are Falling Prices Bad?

- Peter Schiff - Euro Pacific Capital

Thank you, Peter. Beautifully written, crystal-clear, and absolutely correct.

Commented 3397 days ago

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Beginning of the headline :The sudden fall in the price of oil provides a unique opportunity to examine the widely held belief that deflation is economic poison. As many governments and central banks have vowed to fight deflation at all costs in 2015, the question could hardly be more significant. While falling prices may strike the layman as cause for celebration, economists believe that it can kick off a nasty, and often inescapable, negative cycle, which many believe leads inevitably to a prolonged recession, or even a... Read More

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