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When private individuals have credit problems, the effect is deflationary as individuals must liquidate assets in order to raise money.
FORBES: Toning Down Muscle Memory
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The overall effect is deflationary: she shows, example by example, how much better it is to argue about the rights and wrongs of techniques in the here and now than to dazzle or terrify ourselves with techno-futurology.
ECONOMIST: Bioethics