Cotton,
It is undeniable that both inflation and deflation... can occur in the world economy... at the same time.
Tin pot leaders like Robert Mugabe saying 'better times were
beckoning.'
Are proof of how inflation can be created... of this there can be no doubt. A nation that produces nothing... and just prints zeros to create currency... is doomed.
The US actually is innovative... and does create value for the rest of the world... which is why they are the basis for the global economy... along with Japan and the asian Tigers.
Hence deflation in the US/Japan can exist... right along side... Zimbabwe's central bank issueing 10-billion- dollar
banknotes!
It is undeniable that both inflation and deflation... can occur in the world economy... at the same time.
Tin pot leaders like Robert Mugabe saying 'better times were
beckoning.'
Are proof of how inflation can be created... of this there can be no doubt. A nation that produces nothing... and just prints zeros to create currency... is doomed.
The US actually is innovative... and does create value for the rest of the world... which is why they are the basis for the global economy... along with Japan and the asian Tigers.
Hence deflation in the US/Japan can exist... right along side... Zimbabwe's central bank issueing 10-billion- dollar
banknotes!
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