Deflation -- Delusion or Danger?
from Knowledge at Wharton
The collapse in home prices during the past few years is a reminder of the horrors of deflation. Millions of homeowners owe lenders more than their homes are worth making it impossible to sell trade up downsize or move for a new job. What would happen if deflation were to spread across the entire economy driving down wages and the prices of all goods and services?
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This episode is 12 minutes long.
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This episode was published on September 15, 2010.
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