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
The old thinking is out the window. The idea that the rich get richer and the poor get poorer is now obviously very, very wrong. All the leftist thinking does not make any sense, if it ever did. Obama is presented with an opportunity to screw up big time unless he forgets his ideology.