It's interesting that there's a lot of talk of deflation in the media (almost as a way of distracting people from discussing inflation). I agree with these guys that inflation has to kick in. "
Perception is indeed reality (at least in the short term). We’ve been conditioned to think that the wrong stuff is reality. Go to your window and look outside. Do you see the same buildings as yesterday? What about the supermarket – same groceries? And the gas station – same gas?The real assets within US borders are unchanged. There are the same houses, factories, machines, airplanes, offices, land, gold, roads, cars, commodities. The question is to decide how that is distributed among people.