Re: MYTH: USA can go bankrupt

jp1238 wrote:
> 
> 1930 was DEflation ! Something much more scary than today's INflation.

Monetary deflation is the shrinking of the money supply. Usually 
accompanied by asset, (housing and stocks), deflation. Which had been 
created by excessive debt, (especially non performing). The levels of 
which are greater now than the 30s. (Total debt to gdp.)

Commodity inflation affects the cost of living. A difficult thing to 
deal with as credit markets tighten.

Watching the Fed deal with it, priceless...