I am leading toward a hundred years of deflation

One striking thing is how many readers are still sure that we're facing a debt disaster and/or runaway inflation. The modern fiscal consensus is going to be a hard sell despite overwhelming evidence.

Paul Krugman

Paul is mostly concerned with his own discovery, government cannot create inflation except by devaluation. The reral story here is that there is no real exit from deflation except devaluation. And we are stuck in this awkward fact because someone from Princeton School had bad logic.

We will get our hundred years of deflation, or we will devalue. You guess which one.

Chances of total delusion among Biden staff very high.

Washington Post economics reporter: Chances of 60 votes in Senate for Biden stimulus package 'really, really small'