The Facts About Deflation VS Inflation – Devastation VS Irritation

Donald Luskin has long been someone for whom I hold much respect, and grant solid credibility. He calls ‘em as he sees ‘em, but in a manner that isn’t either Chicken Little or Pollyanna in nature. Like most experts his analysis is objective, but his conclusions subject to human fallibility. I’ve found him to be right far more often than wrong, and more importantly, when he’s wrong he’s the one who brings it up first. Gotta love it.

Luskin is a recurring guest on the Larry Kudlow show on CNBC. The video below, just over 4 minutes, is an excellent description of what Americans should be ordering on their ‘economic menu’.

I think he nailed it and a half. Your thoughts? (Hat tip to Tom Vanderwell over at Straight Talk About Mortgages which is a daily habit for me.)

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