January 2008

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Deflationerrory Thinking

By John Galt January 1, 2008 Sigh. There is a philosophical battle among the bears and doomers and it’s really quite frustrating as both parties are somewhat correct. This will be of the epic evolutions in history as one side says the housing crash and credit crisis will usher in another deflationary recession or depression a la the 1929 model, while the other party says it will be 1979 with a dash of 1929 flavoring. I think the philosophical debates can be summed up in the words of the famous philosopher…

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