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Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.

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John Masefield

The Lord who gave us Earth and Heaven Takes that as thanks for all He's given. The book he lent is given back All blotted red and smutted black.