John Makin and Nick Schulz: Deflation 101
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5:06
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We are following the exact path of Japan. A Deflationary Depression. Listen to economist Richard Koo. No lending + No spending = Deflation. Period.
drkevincampbell 1 year ago
inflation is a friend to individuals in debt. with high inflation, it gets easier and easier to pay down a fixed debt.....for example a 100,000 loan gets easier to pay off, as time goes by and income rises. thus it is an eraser for debt. BUT, consider the opposite. if deflation occurs, the 100,000 gets more and more difficult to pay.... the individuals in debt say ouch
88madmax88 1 year ago