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Falling BRICS
Unease in Brazil as Recession Bites
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  • Anthony
    • JR

      Interesting link.

  • Jacksonian_Libertarian

    Even double digit inflation is better than the economically destructive deflation which America and much of the Western World suffers from at the moment. Inflation devalues debts, making them easier and easier to pay off as time passes. It is excessive private debt that naturally forces economies into a destructive deflation. It is unfortunate that nations and cultures get so traumatized by the more frequent inflation that they fail to recognize the much worse destructive deflation when its upon them. The present period will become known as “Great Depression 2.0” when the historians of the future look back on our time.

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