by on July 10, 2019
When seeking the cause of deflation we need to remember that the real cause was credit inflation. Many items on this list are manifestations of the credit bubble popping. What is remarkable is the depth and number of related items on the list. Growth of government at all levels federal, state, county and city due to the socialist neo-Keynesian belief that the economy can be micromanaged. Money is sucked away from the free market economy to fund inefficient and bloated programs. Eventually the...
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