No. of Recommendations: 1
The Fed has a bag of tricks that can virtually guarentee there will be no generalized deflation. Of course like all magic the end result might not be very useful. Under present law the Fed can monitize almost anything. They could buy a car from you, pay your bank a check that they created out of thin air, then junk the car. Do a lot of this and people have lots of money, but few cars, so car prices go back up.
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