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.
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1 comment:

  1. dgeorge12358February 16, 2012 at 8:42 PM

    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

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