Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, the problem with debt deflation is that it kills credit and this kills the "real" economy. So it is "our" problem, too, even if indirectly.

I don't see why there would have to be no way out of stagflation this time around.

We have met the enemy, and he is us — Pogo

by Carrie (migeru at eurotrib dot com) on Wed Mar 5th, 2008 at 04:43:39 PM EST
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