Deflation Is Not The Villain - The Overleveraged Fiat System Is

Deflation Is Not The Villain - The Overleveraged Fiat System Is Authored by Nick Giambruno via International Man, It is important to clarify something here. While mainstream economists, the financial media, academia, and other gatekeepers of the rotten fiat currency system howl about the dangers of deflation, it is worth taking a moment to consider whether it is really such a bad thing. First, it is important to define our terms. The correct and true meaning of inflation is an ...

By Tyler Durden