April 1, 2014
IF THERE'S ONE THING THE RIGHT KNOWS WITH ABSOLUTE CERTAINTY...:
Deflation risk raises head again in Europe (Mark Thompson, March 31, 2014, CNN MOney)
The annual rate of inflation fell to 0.5%, down from 0.7% in February and weaker than most economists were expecting. Inflation is now at its lowest level since November 2009.The European Central Bank, which meets Thursday, targets inflation of just below 2% in the medium term, and the bank doesn't expect it to come close to that until late 2016.The European economy is not generating jobs fast enough to bring unemployment down from record levels, and activity is not yet robust enough to remove the risk of deflation.
...it is that pumping currency into an economy triggers inflation.
Posted by Orrin Judd at April 1, 2014 5:21 AM