Tuesday, August 3, 2010

"Krugman is wrong: Americans need more Deflation": Jim Rickards

Jim Rickards, Business Insider:

"Let's say you make $40,000 and you go to your boss and say 'Give me a raise,' and the boss says, 'Are you crazy? You're lucky I don't fire you; go back to your desk.' But if the price level drops 10 percent, he just had a 10 percent increase in his real standard of living."

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