Mises Wire
Author:
Shawn Ritenour
Online Publish Date:
The July 22 Financial Times included an interesting take on the deflation scare. In a letter to the editor, Takashi Ito from Tokyo, Japan writes: “Sir, As people the world over contemplate life with deflation, here is a bit of heartwarming news from Japan. As long as you have a job and keep all of your assets in cash, life in deflation is great.