tag:blogger.com,1999:blog-6616959642391988608.post2225701686279588280..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The U.S. has become an industrial powerhouseScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-16805208193021823232015-01-17T02:23:55.670-08:002015-01-17T02:23:55.670-08:00PS: The US is not a military-industrial powerhouse...PS: The US is not a military-industrial powerhouse, that's for sure...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87475094083634878932015-01-17T02:22:59.804-08:002015-01-17T02:22:59.804-08:00http://www.businessweek.com/articles/2015-01-16/ca...http://www.businessweek.com/articles/2015-01-16/can-the-us-stay-out-of-the-deflation-vortexMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24128142909366053452015-01-17T02:19:16.116-08:002015-01-17T02:19:16.116-08:00The good news is that deflation will raise the spe...The good news is that deflation will raise the spending power (real working wages) of America workers, albeit at a tremendous cost. However, given the callous indifference of the US government to address real working wages, I suppose that 10-20% deflation is good news for workers (who can keep their jobs) -- I regret that deflation is clearly the tacit goal of the inflation hawks -- for example,McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92023935440757917022015-01-16T17:42:15.238-08:002015-01-16T17:42:15.238-08:00Japan's industrial ouput also sagged all throu...Japan's industrial ouput also sagged all through their 1992-2012 deflation. A strong yen had some role. Europe's industrial production sagging...and they are in deflation.<br />Maybe robust economic growth and deflation can co-exist in a modern economy...have not seen it yet.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com