Austerity

01.08.132:30 PM ET

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?

how do i comment?
Get The Daily Beast In Your Inbox
By clicking "Subscribe", you agree to have read the Terms of Use and Privacy Policy
Thank You!
You are now subscribed to the Cheat Sheet. We will not share your email with anyone for any reason
You are now subscribed to the Daily Digest. We will not share your email with anyone for any reason
You are now subscribed to the Daily Digest and Cheat Sheet. We will not share your email with anyone for any reason
Follow The Daily Beast