Inflation or deflation?

May 31st, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

Inflation or deflation? The premise for inflation rests on the policy mix of large budget deficits and highly stimulative monetary policies. The Federal Reserve will do whatever it takes if U.S. growth slows to the point where unemployment rates start rising again. Democracies are prone to inflation because of the pressure to buy votes and […]