Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373596 Comments:2390
Deflation is only bad for those with crushing debts and no ability to borrow more. Since the Federal government (like the government of Japan) can always borrow more, those buying the debt are assured of a low-risk income stream that can then be used to buy other deflating assets.
Everyone assuming the Federal government has the power to create inflation and that inflation is "good" should examine the interests of those who control the government's policies, i.e. those who own the debt.
Put another way: here's what will be scarce: reliable income streams and liquidity.