Why Does Deflation Scare the Federal Reserve and Economists Alike?
Nothing to see here.
I just got back from the TD Ameritrade 2015 annual conference in San Diego. They always put on a high qualify event. At this event was a luncheon hosted by TD, where keynote speaker, Craig Alexander, Chief Economist at TD Bank spoke about his view of the world. I make a point to listen to him each year at the conference and I am always impressed. He is a very smart and accomplished economist. However this year was a bit different. I am still trying to make sense of it. The majority of Craig’s speech was about how the US does not have deflation and will not have it in the foreseeable future.
The first thing that popped into my mind was this clip from the movie Naked Gun. There is nothing to see here. Move along.