{"id":2513,"date":"2014-12-05T20:12:35","date_gmt":"2014-12-06T01:12:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2513"},"modified":"2014-12-05T20:12:35","modified_gmt":"2014-12-06T01:12:35","slug":"deflation-v-inflation-comprehending-what-will-come-armstrong-economics","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2513","title":{"rendered":"Deflation v Inflation \u2013 Comprehending What Will Come | Armstrong Economics"},"content":{"rendered":"<p><a href=\"http:\/\/armstrongeconomics.com\/2014\/12\/05\/deflation-v-inflation-comprehending-what-will-come\/\">Deflation v Inflation \u2013 Comprehending What Will Come | Armstrong Economics<\/a>.<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\"><a style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; color: #7dcae7; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;\" href=\"http:\/\/i2.wp.com\/armstrongeconomics.com\/wp-content\/uploads\/2012\/10\/peiusindex-y.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7685\" style=\"line-height: inherit; height: auto; max-width: 100%; width: auto; display: block; margin: 0px auto 0px auto; border: 0px initial initial;\" src=\"http:\/\/i2.wp.com\/armstrongeconomics.com\/wp-content\/uploads\/2012\/10\/peiusindex-y.jpg?resize=584%2C438\" alt=\"PEIUS$Index-Y\" width=\"584\" height=\"438\" \/><\/a><\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">QUESTION: Martin,<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">While I clearly understand your reasoning for deflation in the US allied to a very strong dollar; does the opposite apply to those countries, like the UK and European economies where their currencies are likely going into freefall?<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">Keep up the brilliant work. Is the movie coming to the UK?<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">AB<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\"><span style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; text-decoration: underline; padding: 0px; margin: 0px; border: 0px initial initial;\"><strong style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: bold; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px; border: 0px initial initial;\">ANSWER<\/strong><\/span>: Yes. Britain abandoned the Gold Standard first during the Great Depression and its economy end the deflation and was the first to recover. This was one of the very arguing point of\u00a0<a style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; color: #278dbc; text-decoration: none; padding: 0px; margin: 0px; border: 0px initial initial;\" href=\"http:\/\/armstrongeconomics.com\/research\/economic-thought\/warren-george\/\"><strong style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: bold; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px; border: 0px initial initial;\">George Warren<\/strong>\u00a0<\/a>to devalue the dollar to Roosevelt to reinflate the economy. Germany has imposed deflation on everyone really tearing the European economy apart because they do not understand why they even went into hyperinflation.<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">The rise in the dollar in the US as other other economies were defaulting pushed the USA into a deflationary depression. This then set in motion protectionism as they failed to understand the mechanism unfolding.<\/p>\n<p style=\"line-height: inherit; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; padding: 0px; margin: 0px 0px 1em 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deflation v Inflation \u2013 Comprehending What Will Come | Armstrong Economics. QUESTION: Martin, While I clearly understand your reasoning for deflation in the US allied to a very strong dollar; does the opposite apply to those countries, like the UK and European economies where their currencies are likely going into freefall? Keep up the brilliant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,202,1675,426],"class_list":["post-2513","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-deflation","tag-economic-cycles","tag-inflation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2513"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2513\/revisions"}],"predecessor-version":[{"id":2514,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2513\/revisions\/2514"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}