Re: Is Bernanke Behind The Rallies? Query to Barkley

[Warren Mosler <mosler@xxxxxxxxxxxxxx>]

--- "Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx> wrote:
>
>
> Michael Perelman wrote:
> > Henry, could you elaborate on this?  Thanks.
>
> Deflation wreaks havoc with business balance sheets;
> it discourages
> investment; it leads consumers and corporations to
> postpone spending.

Don't I remember something in mainstream/nc thought
that falling wages clear labor markets, restore full
employment, sticky wages are THE problem...  Guess
'they' don't 'trust' markets as much as they want
others to believe.

warren

=====
Warren Mosler, www.mosler.org
c/o James River Capital Corp
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Primary email contact:  mosler@xxxxxxxxxxxxxx

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