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Just insane collateral market action today shows deflationary money is getting worse.

Eurodollar University

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The Importance of Liquidity Preferences in the Real Economy

The idea of just creating aggregate demand, government spending or just governments giving anybody cash that they can doesn't line up with reality. John Mater Keens was one of the first economists to really adequately describe something that we observe in the real economy. He said inflation robs savers, but deflation does something far, far worse. And he also got this one right too.

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