RTG-55-2009-11-04

Interview with Ian Gordon of the Long Wave Group where we discuss the Kondratieff Winter. You can read the transcript or listen.

2 Comments »

We have heard the debate regarding inflation/deflation from the same perspectives over and over and it seems that no conclusion has been reached as yet. Both sides have compelling arguements with the deflationists citing cycles and seasons and the inflationists referring to the global monetary expansion. Neither has convinced this reader as yet who is leaning toward STAGFLATION. By that I mean inflation in terms of currencey and deflation in terms of gold which is defined as money in the US Constitution. Either outcome will be painful for the economy and therefore the masses. Both theories believe that gold will increase in monetary terms against currencies as the world’s economies unravel. The Austrian school of economics puts it’s faith not in depreciating paper but in tangible wealth especially in these times of uncertainty. Ethan Rath

Comment by Ethan Rath — November 6, 2009 @ 5:38 pm
I agree that most commentators are chasing their tails with the inflation and deflation debate. Most of the arguments are semantic and not substantive which is even more frustrating.

I discussed the inflation versus deflation issue on Contrary Investors Cafe back in episode #45 and even devoted a very lengthy article to the topic. Hope those help.

Comment by Trace Mayer, J.D. — November 8, 2009 @ 8:25 pm