"Deflation" in Perspective

Brian Doherty | 5.8.2003 2:20 AM

Good piece over at the CNN/Money Web site that puts recent talk of deflation in perspective. Macroaggregates are all well and good for econometric manipulation. But we live in a world of micro specifics. As economic actors--if not, alas, as economists--that's hard to forget.

Brian Doherty is a senior editor at Reason and author of Ron Paul's Revolution: The Man and the Movement He Inspired (Broadside Books).