Financial Times Op-Ed: “How to Avoid the Horrors of Stag-Deflation"
Dec 3, 2008 1:42AM
The Financial Times has published today my op-ed “How to avoid the horrors of stag-deflation” that summarized the points I have made in recent weeks on the risks of a severe global recession, deflation, liquidity trap and debt deflation and the need for very unorthodox policy action to prevent these deflationary forces from taking hold.
Here is the full text of this op-ed:
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