Thursday, July 15, 2010
Nope you cant have deflation in a fiat money system [fingers in ears la li la li la]
"Wholesale prices dropped 0.5 percent last month, following declines of 0.1 percent in April and 0.3 percent in May, the Labor Department reported Thursday. Core inflation, which excludes food and energy, posted a modest 0.1 percent increase. The third month of declines in Labor's Producer Price Index raised new concerns about the possibility of deflation, a prolonged period of falling prices which has not been seen in the United States since the Great Depression of the 1930s. While most economists believe outright deflation remains a distant threat, they said it can't be totally ruled out."