tag:blogger.com,1999:blog-2001146793389907383.post5514059695479560343..comments2011-08-06T09:52:27.580-04:00Eric Reasonshttp://www.blogger.com/profile/05688830134012824642noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2001146793389907383.post-58262341516108697542011-08-06T09:52:27.580-04:002011-08-06T09:52:27.580-04:00Kevin - <br /><br />I&#39;m also concerned about the competing goals of inflating our way out of debt and capturing the deflation in terms of cost-of-living benefits. <br /><br />It&#39;s impossible to do both, but how do we get a whole economy to deleverage itself without imploding?<br /><br />Simply, deflation isn&#39;t bad if you don&#39;t owe anybody money.Eric Reasonshttp://www.blogger.com/profile/05688830134012824642noreply@blogger.comtag:blogger.com,1999:blog-2001146793389907383.post-900704259800889302011-08-06T03:09:19.380-04:002011-08-06T03:09:19.380-04:00Great post, Eric. Thanks for the mention.<br /><br />I think if workers could capture the full benefit of increased efficiency, things would work out great. But that would require 1) eliminating all forms of artificial scarcity and the rents on them so that all increases in efficiency were passed along in the form of lower prices, and 2) a reduction in the workweek so that available remainign work was evenly distributed.Kevin Carsonhttp://www.blogger.com/profile/07525803609000364993noreply@blogger.com