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|User Info||Why we will experience deflation; entered at 2007-12-02 19:38:35|
Registered: 2007-10-02 Dallas
Great post by the OP. The private debt (Japan) vs. public debt (Weimar) is an interesting argument I had not considered.|
On the issue relating to paying off debts prior to deflation, it may come down to the risk of losing one's job. Everything I have read about the depression states that things were okay IF you had a job. Wages as a whole did not decline; rather, we had 25% unemployment. If you were in the 75%, things were okay.