Looked at in isolation, and without considering the actual market value of the dollar versus commodities and other currencies, does East St. Louis, IL have a “deflation” problem? There aren’t many dollars circulating there relative to Chicago. Does Chicago conversely have an “inflation” problem?
More realistically, the presence of a lot or a little of what we call “money” is not something that can be planned, nor is it something that an individual, city, state, or country should ever worry about. The only area of focus should be production. Where’s there’s production there’s always money facilitating the exchange of the production.
Read Full Article »
