Thursday, February 16, 2012

Zen and Deflation

"Man who catch fly with chopstick accomplish anything."
--Miyagi (The Karate Kid)

Straightforward article that offers a zen-like conclusion: If you fear deflation, then stop inflating.

Indeed.

1 comment:

dgeorge12358 said...

Clearly, inflation is the primary event and the primary purpose of monetary intervention. There can be no deflation without an inflation having occurred in some previous period of time.
~Murray Rothbard