People who think in terms of having a "growth economy"
and "inflation-adjusted cost of a loan" so as to keep loans
'less expensive', do not like low inflation.
Chamber of Commerce thinkers see that when prices
barely move, many people postpone purchases because
the same price will still be available
in six months.
I see that overpopulation and high inflation are
what's really scary in the long term. And if people can postpone
purchases and increase savings and decrease debts, then that is what
creates a solid economy. Economists who work for lenders sing a
different song.
In short, I'd say we're at a good spot right now.
http://m.startribune.com/?id=246199261
http://au.finance.yahoo.com/news/why-ultra-low-inflation-hinder-020102652.html
