Jordan Goodman of MoneyAnswers.com believes that deflation is just around the corner. Commodity prices have been weak and going lower, a trend he believes will continue. However, at the same time prices have been rising in the service sector. Medical, education, taxes, etc. So in effect we are suffering from deflation and inflation at the same time. But as we know from Mises, consumer prices aren’t the definition of inflation. Rather a rising money supply will eventually cause different areas of the economy to feel its affects. And money printing has not lost its appeal quite yet.
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