I promise to be better (and some reading)
I’m back from a few days away…
I seem to have missed a bit of story on the ‘blogosphere’…
But, quickly, three things worth a read.
Hopi – with a great article on liquidity traps. He’s right that devaluation and inflation may be the ‘unlikely heros’.
Steve Keen has an article I could dub ‘pessimism porn’ on how bad things could get. Worth a read on the dynamics of debt deflation. He knows his Minsky.
Finally, my friend Vino brings our attention to a good piece on CiF. As it says ‘you can’t cut your way out of a recession’.
I promise to post more this week. Pensions first and then ‘sound money’.