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Interfluidity :: Why inflation?
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Unemployment has reached 5.1 per cent sooner than the Fed's rate setters expected. ... The employment-cost index, a broad gauge of wage and benefit ... . They conclude that "price inflation now responds less persistently to changes ... ... Inflation helps debtors and hurts creditors, deflation does the reverse. |
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PThy_Edn_1_Chap_23.rtf - David D. Friedman's Home Page
The same is true if we expect inflation--but less inflation than we get. ... for inflation, but the inflation rate turned out to be higher than we expected. ... Deflation--a fall in prices--benefits those who have net nominal assets and injures those ... of fully anticipated inflation, creditors only lend money (and debtors only borrow... |
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Why Is Deflation Bad? - The New York Times
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