sarai: I have to give your post more thought, but one thing Mr. Flerckstein said was troubling. Yes, he was accurate when he said that "deflation is a CONSEQUENCE of prior...policy." But deflation is the removal of funny-money government counterfeiting from the economy; quite the opposite of inflation. Lower prices are the consequence, or they should be. I'll get back to you when I give your post more thought.
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