Commentaries

from Rolfe Winkler:

Why gold if deflation is the threat?

October 2, 2009

Alice Schroeder wrote a great column for Bloomberg yesterday that I'm just getting to. The best stuff comes at the end, where she describes why some people are buying gold even though inflation doesn't seem to be a big risk. (Apologies in advance for block-quoting lots of stuff in this post, but I think it's worth it...)

Who’s afraid of deflation?

August 24, 2009

christopher_swann1.jpgFor most policymakers, deflation is the stuff of nightmares — scarier even than bank failures and stock market collapses. As the economy stumbled, deflation became Lords Voldemort and Sauron rolled into one.