The Deflation 'Ogre' Is a Crock of $%@#*

The deflation "ogre" is about to devour the economies of the eurozone and the United States, according to some senior officials. The solution is hyperinflation that wipes money and all debt. Amazing mountains of money being printed out of thin-air in the US and eurozone, near-zero interest rates; credit expanding at two-digit rates; stocks prices setting record highs; housing prices rising at 14%; food becoming unaffordable to increasing numbers of people and putting over 50 million Americans on food stamps - describing these conditions as "deflation" is simply insanity and falsehood.