good article, but the author should avoid using the phrase "debt deflation" to refer to debt contracts becoming worthless. To economists, it refers to Irving Fisher's theory of what caused the Great Depression.
On Feb 17, 2008 8:58 AM, Louis Proyect <[EMAIL PROTECTED]> wrote: > http://crookedtimber.org/2008/02/17/here-comes-the-big-one/#more-6658 > -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
