Why Credit Deflation is More Likely than Mass Inflation

First a warning.

This is difficult to read, but it's VERY enlightening, so give it a try.

It's difficult to read because it's economics, and it's long and well referenced, but surprisingly, Vijay Boyapati's ideas are clear and well expressed, especially for economics.

And while I don't agree with all of the reasons, and degrees of causation, there ARE some very enlightening ideas here.  More importantly, I think the conclusion is dead on.  So if nothing else, read the very last paragraph of the very last page.

Then let me know what you think in a comment below.

Why Credit Deflation is More Likely than Mass Inflation