I've been reading a lot more about the deflation scare, a lot of articles, again, trying to make

the case that deflation is such a dangerous economic condition that we must resist at all

cost.

Since such article in Bloomberg, this one is by David Goodman, currency wars evolved

with goal of avoiding deflation.

This is now, guys, writing about how the currency wars have now changed and where it's not

really about growth, right, and trying to steal growth by weakening your currency, which

of course didn't really work anyway.

It's now about stealing inflation.

The article points out that the reason that people or nations rather want to weaken their

currency is to export their deflation.

They're trying to push their deflation on their trading partners so that they can import

inflation.

The inflation is seen as a goal in and of itself, right, that it's deflation that's

bad and inflation is good.

Not we need inflation to get growth.

We just need inflation because we need it because inflation is good.

We got to get rid of deflation because deflation is bad.

Again, of course, when you've got all these governments all around the world that so desperately

need inflation, right, not because their economies need it, but because they need it politically,

because they need cover to inflate away their debts where they don't have the integrity,

the courage to do it honestly.

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