Inflation or deflation?
Hat tip Greg Mankiw – Bush’s neo-Keynesian.
Also via Greg Mankiw, Alan Meltzer argues the US faces inflation in the New York Times, while Paul Krugman says it’s deflation they need to worry about.
Hat tip Greg Mankiw – Bush’s neo-Keynesian.
Also via Greg Mankiw, Alan Meltzer argues the US faces inflation in the New York Times, while Paul Krugman says it’s deflation they need to worry about.
Mack,
saw the same thing in the Torygraph a few weeks back – put 2 dieticians or 2 economists in a room and they will tear lumps out of each other.