If everything will be cheaper tomorrow, people

will delay spending as much as possible. It is a deflation spiral.

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Exactly that is the point. Deflation makes people save. -daysofreckoning- 给 daysofreckoning 发送悄悄话 (537 bytes) () 03/03/2009 postreply 18:32:49

There were about one crisis every seven years -729418- 给 729418 发送悄悄话 729418 的博客首页 (449 bytes) () 03/03/2009 postreply 18:52:33

I wonder where you get the facts. ~:~ -daysofreckoning- 给 daysofreckoning 发送悄悄话 (184 bytes) () 03/03/2009 postreply 21:08:05

The first facts are from wiki, gold standard is no cure for -729418- 给 729418 发送悄悄话 729418 的博客首页 (135 bytes) () 03/04/2009 postreply 07:18:39

Got to read in detail. Gold standard does not cure -daysofreckoning- 给 daysofreckoning 发送悄悄话 (194 bytes) () 03/04/2009 postreply 10:07:35

By the way, not all speculations are bad, it can speed up -729418- 给 729418 发送悄悄话 729418 的博客首页 (183 bytes) () 03/04/2009 postreply 10:26:41

By the way, Deflation Spiral is the word Wall Street used -daysofreckoning- 给 daysofreckoning 发送悄悄话 (572 bytes) () 03/03/2009 postreply 18:54:08

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