Eurofail: The Human Price of Deflation
Across the European Union, youth unemployment now averages 23.7. In Greece, it is nearing 60%; in Spain, it has passed 55%.
This is the human price of deflation. Why would Americans want to try that policy here - and not to stop actual inflation, but merely to prevent the hypothetical possibility of an inflation that is nowhere in sight?
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
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