The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.
The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.
No. There is nothing about private ownership of capital that requires rampant spending. Hell, us in Canada are especially good at allowing capital to sit idle.
It is our debt-based economy that requires rampant spending.