But what if the US and maybe the UK government just decided to announce that their currencies have officially devalued, on the spot, but say 10% or even 50%, now they can re-inflate the asset prices, so why wouldn't they do that before deflation drives the masses to rioting?
The short answer, no.
The long answer, refer to Conquer The Crash, by Robert Prechter, page 121, Can the Fed Stop Deflation?
elliottwavenews 2 years ago
But what if the US and maybe the UK government just decided to announce that their currencies have officially devalued, on the spot, but say 10% or even 50%, now they can re-inflate the asset prices, so why wouldn't they do that before deflation drives the masses to rioting?
mlndstream 2 years ago