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 Kris Mitchener : How to Beat Deflation : Wall Street Journal

Saturday, Aug. 7, 2010

If the U.S. experiences a deflationary period, as some analysts warn is coming, debt becomes more problematical, said Kris Mitchner in an interview with the Wall Street Journal for its "Weekend Investor" column on August 7.  "If you have $1,000 in debt, and if prices are falling, it will cost you more in terms of forgone goods and services," he told reporters. Professor Mitchener has studied Japan's deflationary period extensively, and sees some similarities to Japan's economy during its so-called "Lost Decade" and the U.S. situation currently.

Read the full Wall Street Journal columni here>>

Visit Professor Mitchener's faculty page here>>

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