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by potkor
4810 days ago
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What Krugman said here applies to the EU too (infact he's basing it on IMF research using global data): http://krugman.blogs.nytimes.com/2010/08/12/the-price-
stability-trap/ "in the modern world, rapid deflation doesn’t happen, and in fact slight positive inflation often persists in the face of an obviously depressed economy" |
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