Analyst of global financial architecture and system. Excavating Keynesian monetary theory and policy from the burial chambers of orthodox economists.
The year 2015 began with the Chancellor, George Osborne ‘welcoming’ the news that inflation had fallen in December 2014 to 0.5% — more than 1% below the official target. The FT declared that “this is almost certainly ‘good deflation’“.
Figure 1 source: @SoberLook