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Lower prices? Not such a good thing.

blogs.moneycentral.msn.com — Sound the alarms! Consumer prices are in a freefall, stoking fears the economy is on the precipice of deflation. Wednesday, the Labor Department reported the prices of consumer goods fell by 1 percent in October, the biggest one-month drop in 61 years. As the New York Times points out, no, falling prices are not a good thing for a shrinking economy

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  • ChristNewsWatch, on 11/22/2008, -0/+1They fell by 1% and that's a big deal???

    If we still had a manufacturing core in the USA, prices would fall by 30% - 50%, not that it would matter that much since the politicians would just raise taxes to compensate.

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