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May 12, 2020

Deflation: Who Doesn’t Like Lower Prices?

Unprecedented fiscal stimulus. Extraordinary money creation. Historically low interest rates. Troubling meat shortages. Prices only have one way to go: Up! Right? Wrong. Watch out for deflation. Fiscal stimulus increases the quantity of goods and services demanded; money printing devalues the dollar; low interest rates lead to overheating economies; and shortages reduce the quantity supplied […]