With a nod to Charles Whelan[1]
Nice summary of the issue. With all the hand-wringing about inflation, plus I suspect everyone is expecting prices to go back to "normal", we've all forgot that deflation would be its own problem.
Nice summary of the issue. With all the hand-wringing about inflation, plus I suspect everyone is expecting prices to go back to "normal", we've all forgot that deflation would be its own problem.