Everyone I know, myself included, is doing the happy dance over the falling gas prices. Here in northern CA we are paying ~ $2.15 a gallon, down from the high of at least double that just a few months ago. This is a good thing, right?
Well, not necessarily. This morning I read an article on CNN.com about the
We Can't Win
November 19th, 2008 at 05:43 pm
November 19th, 2008 at 05:48 pm 1227116914
November 19th, 2008 at 06:12 pm 1227118372
While lower prices are good for the consumer, if prices fall too much too soon, deflation can actually wreak havoc on businesses. Lowered production will result in job losses.
November 19th, 2008 at 06:57 pm 1227121069
I worry more about stagflation.
But don't we constantly see deflation in technology? Prices of TVs keep dropping and computers.
November 20th, 2008 at 01:16 am 1227143767