Quotes of All Topics . Occasions . Authors
The way you create deflation is you create an asset bubble.
Deflation isn't good, and inflation is easier to cure than deflation.
To face deflation, you have to have people accepting it and not reacting to it.
You can't rule out deflation just because you've never seen it in your lifetime.
If inflation is the genie, then deflation is the ogre that must be fought decisively.
See your disappointments as good fortune. One plan's deflation is another's inflation.
Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.
Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.
Her heart the damned thing had begun to race and she only hoped that the rapid inflation and deflation of her chest wasn't visible beneath her fitted bodice.
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Near-zero policy rates that may be considerably expansionary in an economy with high inflation could be contractionary when inflation is too close to zero, or worse, deflation has set in.
Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.
Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.
The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy.
For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.