So, is the earth warming?… Well, not exactly…

No kidding!?

Incidentally, there is no better cure for excessive production of noxious gases than a bout of deflation. Seriously folks! Monetary policy is upstream of any and all human endeavors. If we as a society willingly adopt a fiat monetary system then we implicitly make the choice of pushing inflation faster than underlying economic growth. This factoid escapes most people but is one of the underlying causes of excessive consumption hence pollution.

I say lets stop fighting the deflationary winds sweeping our societies and let’s embrace deflation for the sake of the earth and for our sake. Let’s clean up our act for a few years. Bring deflation on!!


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