As Bonddad is to Daily Kos, so Blackhedd is to Red State.
Today he has an excellent article on deflation. Well worth the read, and it is easy to ignore the right-wing political asides.
The Economic Populist
Speak Your Mind 2 Cents at a Time
Right on the money
But what they don't understand is that for those smart enough to avoid debt now, and sacrifice to pay off whatever debt they have, deflation is good. It brings prices back into line with wages, and narrows the huge gap between the rich and the poor.
On second thought, given that the Republicans and Democrats have spent the last 50 years trying to increase that gap, I think I know why they see this as a bad thing....
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Maximum jobs, not maximum profits.
Spot on
I posted a comment over there. That's one of the issues, divide and conquer into two camps, where there are so many people of all political flavors who have a brain, can look at the indicators, statistics and see impending doom as well as often agree on the corrective policy action.
At least he's over there writing!