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Source link: http://archive.mises.org/3618/a-chart-that-gives-rise-to-deflation-nostalgia/

A chart that gives rise to “deflation” nostalgia

May 23, 2005 by


For interesting stuff, see MarketWatch

{ 2 comments }

Stefan Karlsson May 23, 2005 at 3:34 pm

The PPI has clearly been insufficiently adjusted with hedonics, chain-weighting and rental equivalence.

Artisan May 25, 2005 at 3:51 am

Reading the news sometimes,
I’m afraid liberal ideas, not speaking about Austrian even, won’t ever make it… except after the BIG Krash perhaps..

http://www.nytimes.com/2005/05/25/business/worldbusiness/25oecd.html
Heres a quote from OECD Boss:

The United States economy is enjoying a soft landing that may warrant higher interest rates to curb consumption, while growth prospects in Asia continue to strengthen, the agency said in its semiannual assessment of the global economy.

But in Europe, the outlook is dim enough that the European Central Bank must consider cutting borrowing costs by at least another half-point, from a historically low level of 2 percent, to stimulate growth.

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