
MacroVoices #306 Darius Dale: Reflation Will Give Way To Deflation
Macro Voices
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The Great Financial Crisis
At the time, there was lots of people that worried that we were about to have hyper inflation and that this was going to cause the collapse of the us Dollar. The reality is that when you put a monetary stimulus into an economy that, as already has too much debt, it doesn't do anything. It just gets its sits fallow in the financial system. For the first time since 19 two, the consumer is leaving a recession in better shape than the inert. We are now 75 % of g so we have a situation where the consumer is actually much more able to borrow than they have at any other time in the last 20 years. And although everyone thinks that they're different, i
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