Tag Archive for Deflation

Why Deflation Fears are Also Exaggerated

In October 2009, I argued-so far correctly-that hyperinflation concerns in the United States were exaggerated.  Now fear of deflation is increasingly in vogue, but there’s a case that those fears are overstated too. It’s true that the potential for deflation probably was underestimated in some quarters.  Conventional wisdom said that mortgage rates would rise earlier…