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.

  • Itwas SammyMcNally whatdoneit

    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.