Soaring Unemployment, Collapsing Credit From Stagflation to Deflation
Economics / Deflation
Jul 09, 2008 - 01:35 PM

By: Mike_Shedlock

I recently received an Email from "RS", a long time member of the hyperinflation is coming crowd now but now sees things in a different light. Let's tune in and see what "RS" has to say.

Mish, I was a true believer in the "hyperinflation is coming" theory for quite some time. However, I have since changed my mind. Here's why: I own a computer business and I used to pay techs $15-20/hr. I now have people willing to work for $8-$10/hr. While the nice guy inside is saying “pay people wellâ€