'Lowflation' Is Stalking The Land
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[Keeping inflation low is an express goal of the neoliberal economic ideology and of austerity policies - this indicates that these approaches are backfiring and smothering the economy. *RON*]
Rob Wile , Business Insider, Apr. 13, 2014
Back in March, the IMF raised the prospect that "lowflation" — not quite deflation, but pretty darn close — could mean Eurozone growth never gets back to healthy levels.
It's not just Europe anymore.
This weekend, St. Louis Fed economist Silvio Contessi posted a chart showing how lowflation is now a feature of the developed world. It shows how far core and headline inflation has deviated from targets set by central banks, including ones that are supposed to be immune from the Eurozone's histrionics, like Sweden, Switzerland and Denmark.
[Keeping inflation low is an express goal of the neoliberal economic ideology and of austerity policies - this indicates that these approaches are backfiring and smothering the economy. *RON*]
Rob Wile , Business Insider, Apr. 13, 2014
Back in March, the IMF raised the prospect that "lowflation" — not quite deflation, but pretty darn close — could mean Eurozone growth never gets back to healthy levels.
It's not just Europe anymore.
This weekend, St. Louis Fed economist Silvio Contessi posted a chart showing how lowflation is now a feature of the developed world. It shows how far core and headline inflation has deviated from targets set by central banks, including ones that are supposed to be immune from the Eurozone's histrionics, like Sweden, Switzerland and Denmark.