Jim Grant – on Deflation, Currency, Stocks, Rates, Housing

Chris Grande June 24, 2011 Economics, Markets No Comments

Jim Grant at his best – the best line from this excellent interview:

“Deflation – most Americans spend every weekend seeking exactly that ‘peril”

In discussing Bernanke’s battle against “deflation” – why are lower prices bad? Why is having your currency hold a steady value bad?

See video here: Jim Grant (courtesy of The Big Picture)

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Chris Grande

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Chris Grande