Reply #12: Ah barter... it was done in the day [View All]

[nadinbrzezinski]

and your grandmother was right

That said... from what has been done so far I don't expect a depression... (yes definitions matter)... but a bad recession could also be deflationary in nature. They tend not to be since guv'ments intervene heavily into the economy (with a few exceptions, see Japan where some argue they did not go all the way), why the interest rate right now is 1%, don;'t be TOO shocked if it goes down to zero... and if that still does not work... they will start printing money, which leads to inflation

That said, I'd rather have a bad recession, even if there is some inflation (now hyperinflation is one of my nightmares), than a slight depression.