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It is the bed central banks have laid for ourselves. They did and continue doing everything in their power to prevent asset price deflation, and this is the res
by lifty 6y ago
It is the bed central banks have laid for ourselves. They did and continue doing everything in their power to prevent asset price deflation, and this is the result. And I imagine that when things will get even more out of control we will get capital controls.
- vkou 6y agoGiven that money supplies contract during recessions, which drives deflation, I would argue that they did everything in their power to prevent both asset price deflation, in addition to actual, main-street deflation.