Shedlock makes the case for deflation

Mish Shedlock: Why I'm a Deflationist Who Likes Gold - Interview on Goldmoney

Global Economic Analysis

On Tuesday I had a nice opportunity to Chat with GoldMoney's Andrew Duncan.

I explain why I am deflationist who like gold, why most of the Austrians went wrong in ignoring credit, how hyperinflationists are too US-centric in their approaches, and why credit events are more likely (at least in the short-term) to happen in Japan, China, or Europe.

I also discuss currency wars, the deflationary forces of robots on jobs and the balance of trade. On the humorous side, I answer the question as to what I would do if I were put in charge of the Fed.