Last fall Dr. Oatley told me not to freak out about deflation as price indices fell despite the fact the Fed had dropped interest rates pr...

Brad DeLong passes along a troubling picture: Consumer prices were flat over the past 12 months.

Consumer prices grew 0.1% overall in 2008, but in the last quarter they dropped 0.7%. In 2007, the inflation rate was 4.1%. Over the last q...

Yesterday, 3-month T-bills traded slightly negative , while 4-week bills traded at 0.0% interest. In other words, investors were willing to ...

Blue line: yield on 5-year nominal Treasury bonds Red line: yield on 5-year inflation-adjusted Treasury bonds The gap means that markets exp...

No I'm not. But I'm not happy. Here's a partial list of why: 1. We haven't had sustained deflation yet, but the fact that Co...

Before Will gets us all freaked out about deflation , we should consider what is it, whether we are in it, and whether we should we care? W...