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deflation

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EU Deflation: Second Order Impacts on Consumers and Payment Systems

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Economist Edward Hugh has written two excellent articles on the confluence of long-term deflationary trends with the still powerful effects of the 2008 Financial Crisis to fundamentally alter the dynamics of belonging to the European Currency Union. The full articles can be found here[1] and here[2], but the essential message is that deflation has led […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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