‘Few understand the role of credit and debt when it comes to debt-deflation demand for dollars.’
- Mike “Mish” Shedlock, (
..US Dollar.., May 05, 2011)
'Based on real-world experience of what is most important, here is my definition: Inflation is a net increase of money supply and credit with credit marked to market.
Deflation is the opposite, a net decrease of money supply and credit with credit marked to market.'
- Mike "Mish" Shedlock,
Zero Hedge Provides Empirical Proof of Deflation (However, He Does Not Even Realize It), June 26, 2012
Context'Few understand the deflationary impacts of the entire gamut of trends that is playing out..''..Like monetarists, Keynes held no capital theory .. the role time plays..' - Jesús Huerta de Soto
'..Therefore, for the Austrians, economics, far from being a theory on choice or decision, is a theory on the processes of social interaction, which may be coordinated to a greater or lesser extent depending on the alertness shown by the different actors involved in each entrepreneurial action.'
- Jesús Huerta de Soto, The Ongoing Methodenstreit of the Austrian School (
pdf), page 2