He made a wisecrack about dealing with deflation, if necessary, by dropping dollar bills from aircraft.
Once Mr. Bernanke assents to the double-dip recession scenario, he will fight deflation by any means necessary.
Chairman Alan Greenspan and the chairman-to-be, Ben S. Bernanke, said they were fighting an anticipatory battle against deflation.
Smith is confident gold is a proxy for deflation and could be meaningfully higher.
But the real threat to us and to the rest of the world is dollar deflation.
There are presently mixed views on whether inflation or deflation will be the ultimate outcome.
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It welcomed recent policy changes by Japanese authorities aimed at tackling deflation and boosting growth.
Since 1978, the CPI has been the go-to index to measure inflation or deflation.
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The way out of deflation and stagnation is free markets and regulation, not easier money.
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Hayek pointed out that central bankers had often defended their policies as necessary to prevent deflation.
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He has certainly convinced the financial markets that Japan will finally break its deflation habit.
Across the Pacific, many have blamed Japan's central bankers for being too half-hearted about tackling deflation.
The prevailing rule of thumb is that deflation, not inflation, is the dreaded external reality.
For the moment, they have allowed the market forces of deflation to take hold.
News of the duck's deflation was splashed across Hong Kong media and social networks.
Whatever the case, the question that should be asked and answered first is: What deflation?
Once they finally step away from expanding the money supply, deflation rapidly takes hold.
We now live in a world where deflation has become public enemy number one.
The knock on Bitcoin is that its fixed nature will cause an inevitable destructive deflation.
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The Fed's inadvertent deflation is letting the air out of economies around the world.
Is a 1930s deflation or 1970s stagflation the greater threat to the shaky recovery?
The United States last suffered serious deflation during the Great Depression of the 1930s.
But Fed policymakers think the risks of deflation can rise as inflation dips below 2 percent.
And an economy can suffer through a recession while experiencing either inflation or deflation.
The slowdown has been so sudden that Chinese economists are now worried about deflation.
Japan will remain particularly vulnerable to any external shock from America or China while deflation persists.
The Bank of Japan said it expected deflation would end over the next year.
Moreover, with ample spare capacity in America, deflation looks a bigger risk than inflation.
Deflation is a concern, although he rates the odds as low with only a 20%-25% probability.
This is a key reason many economists consider mild inflation to be preferable to mild deflation.
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