Oct
26th
Mon
26th
Guessing Guesses And Inflation vs Deflation
One of the reasons why I am a deflationista is that I think that the Fed will actually end up tightening too early. Memories of inflation of the seventies are stronger than deflation memories of the thirties. Or the Fed should hire a Japanese Central Banker …
Guessing the key question of the next decade inflation vs deflation implies guessing the Fed’s and the Government’s reactions to their own guesses.
