Deflation Worries Keeps Government Inflating

Monday, December 24, 2007
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I wrote this satire in 2002, and it is back by popular demand (okay, one person asked for it) because the time is ripe for such a thing.

alan greenspan.jpg

Deflation Nightmares: Lower Prices Scare Off Consumers
By: Karen De Coster

Washington, D.C. – There is compelling new evidence that the U.S. economy could be headed toward a serious deflationary period without more aggressive monetary policies from Federal Reserve Chairman Alan Greenspan.

Stephen Roach, Chief Economist at Morgan Stanley, has written that

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