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third view on deflation vs inflation argumen

  1. 551 Posts.
    This is perhaps the most interesting article I've read in recent times on the debate:

    It's an argument for inflation - but distinct from the usual ones you read.

    On a side note who agrees the Roubini is an idiot for believing that US government will raise taxes to pay for the debt that is required to avoid the inflationary scenario? I certainly do.

    If Roubini best represents the deflationist argument - then it hangs on this one simple premise - that the US government will raise taxes. And this is absurd. There will not be the political will.
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