Subtle Shift Within Fed Toward Deflation Concerns
A fed governor warned that the agency’s current policies put the United States economy at risk of “Japanese-style” deflation.
Paul Krugman has been watching deflation entrap our economy.
He is commenting on the source material here:
http://krugman.blogs.nytimes.com/2010/07/29/deflation-risks/
http://krugman.blogs.nytimes.com/2010/07/27/debt-and-growth-yet-again/
http://krugman.blogs.nytimes.com/2010/07/26/permanently-high-unemployment/
And it goes on.
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