Krugman's response to Meltzer's "Inflation Nation"

[FUCK THE POLICE]

http://krugman.blogs.nytimes.com/2009/05/04/a-history-lesson-for-alan-meltzer/

A history lesson for Alan Meltzer

From today’s Times:

Besides, no country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.

Japan’s lost decade:

 

[FUCK THE POLICE]

Look at our massive inflation!

http://www.miseryindex.us/irbymonth.asp?StartYear=2008-07&EndYear=2009-03&submit1=Create+Report