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no one knows how to fight [deflation] once it's become entrenched. Personally I agree with this, but remember FED Chairman "Helicopter Ben" Bernanke's oft-repe
by BearOfNH 17y ago
no one knows how to fight [deflation] once it's become entrenched.
Personally I agree with this, but remember FED Chairman "Helicopter Ben" Bernanke's oft-repeated quip that the FED has (metaphorically) a printing press and can whip up however many dollars are needed to prevent deflation. So in theory, the US has the right man in the right place for this very problem.
I don't see a whole lot of success yet. With all the layoffs and offshoring it's not clear additional dollars are the right approach -- wait, I take that back. It would be a great help if there were more early-stage Googles to employ people to make others more productive. If only there were some way to encourage talented people to start new companies...the US needs a Startup Czar!