Falling Prices Raise a New Fear: Deflation
This week's news of a drop in consumer prices may sound on the surface like a good deal for financially strapped U.S. households. But economists warn that sustained deflation -- a period of falling overall prices -- would deepen the nation's economic troubles. Such a period would make it harder for people to repay debts and would prompt consumers to delay purchases in anticipation of lower prices and harder times. Full Story »
Posted by Derek Hawkins
Message from earth to free-market-folly Bushies, deregulation dumbbells, and Republicans in general: those who ignore history are doomed to repeat it.