George Selgin at free banking is another of the great humor writers. Humor is essential to communication, it is a way of surprising the reader with innovative information.Economists are in shock over what should be a welcome event [deflation] . Deflation is exactly what consumers need. Some say this increases the likelihood the ECB will act on January 22.
Actually, it does nothing of the kind. The ECB is already 100% certain to do something counterproductive, and odds cannot exceed 100%.
Wednesday, January 7, 2015
Mish has great satire
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