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I agree on this: debt in deflation is rough. Maybe the lesson is that people/governments should stay out of debt, not that deflation is the boogeyman. That'd

by jscott2 12y ago

I agree on this: debt in deflation is rough. Maybe the lesson is that people/governments should stay out of debt, not that deflation is the boogeyman. That'd certainly be more anti-fragile.

dragonwriter 12y ago
Again, while debt is an issue, the bigger issue is the disincentive for investment.