ear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth. So we’re really heading into Japanese-style deflation territory. (via Smells like deflation - Paul Krugman Blog - NYTimes.com)
ear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth. So we’re really heading into Japanese-style deflation territory. (via Smells like deflation - Paul Krugman Blog - NYTimes.com)