Loading ...Deflation proves no CONFIDENCE in TPTB’s ability of managing the economy and the financial system. The master planners made bad decisions a long time ago, 1975? and the negative results started showing up soon after.
The Arab oil embargo, wage price controls, interest rates to 21%, in the 1970s, market crash in 1987, etc etc etc. One stupid problem after another, all covered over in various ways until the summer 2008 meltdown and rates down to zero, and free money no doc liar loans to dead beats. Just to keep real estate going higher.