Deflation Nation
Could falling prices send the U.S. into a Japanese-style recession? Probably not according to author, the US is in danger of deflation, but it situation is not nearly as severe as Japan's.
"When my heart is cold and I cannot pray as I should I scourge myself with the thought of the impiety and ingratitude of my enemies...so that my heart swells with righteous indignation and vehemence: 'Holy be Thy Name, Thy Kingdom come, Thy Will be done!' And the hotter I grow the more ardent do my prayers become." -Martin Luther, "Table Talk," Number 2387 a-b
Deflation Nation
0 Comments:
Post a Comment
<< Home