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View Diary: Krugman, NYT Editors Go Ballistic Over Chris Christie’s Termination Of New Hudson Tunnel Project (159 comments)

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  •  that's true (1+ / 0-)
    Recommended by:
    itsbenj

    but without deflation cycles, it would have solved itself.  

    Bank irresponsibility was the torpedo that caused the depression, but deflation was the improperly stored gunpowder that made a quick recovery impossible.

    It was certainly not merely an "effect."  

    •  Deflation... (1+ / 0-)
      Recommended by:
      soros

      ...is the cure, not the disease.

      Sometimes medicine tastes bad.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Fri Apr 13, 2012 at 12:03:03 PM PDT

      [ Parent ]

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