Michael Hudson Quotes:
Ocupation: Professor
Life: b. 1939
Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.
source: Source: www.counterpunch.org
topic: Fall, Mean, Europe, Deflation, Capital Investment
