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Why Is Deflation Bad? – Paul Krugman Blog – NYTimes.com

Why Is Deflation Bad?

A number of readers have asked me to explain why deflation is a bad thing; and the truth is that while I’ve alluded to the issue a number of times, I’m not sure if I’ve ever laid out the whole case. So here goes.

From Why Is Deflation Bad? – Paul Krugman Blog – NYTimes.com

Krugman explains Deflation. A must read.