As I read almost daily of giant corporations and Wall Street analysts deploring "the lack of pricing power" I believe that inflation would be (will be?) welcomed by big capital.
Gene Coyle
Daniel Davies wrote:
Are we absolutely sure that the whole problem will not end up being solved by an inflation rather than a recession? I know that this is the orthodox view; that US rentier capital is big enough, important enough and anti-inflation enough that anything will be tolerated other than inflation, but it does strike me that it would sort a lot of things out, rather less painfully than they might otherwise be sorted out.
best, dd
