The whole inflation-deflation debate has always struck me as misbegotten.  People use the terms to mean things so varied that it’s pointless to argue. But such as it is, I’m  a firm believer in the deflationary thesis on the macro level… influenced in this by the economist Antal Fekete , and his theory of how capital is destroyed in a fiat money regime.

Nonetheless, I do see consumer prices rising.

In other words, asset prices fall, industry contracts, and unemployment levels stay high, while the stuff on the shelves costs more, insurance and tuition  rates climb, and living in general becomes more expensive. Continue reading →