Venezuela

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Good Deflation: a “Tax Cut” for Working Families

by robertrosenkranz on February 3, 2015

My latest column for the Huffington Post challenges conventional wisdom that deflation is bad.  On the contrary, deflation driven by the rapid decline in oil prices is good news for America.  Declining oil prices are, for the average family, the economic equivalent of a large tax cut.  This is one “gift horse” we shouldn’t be looking in the mouth.

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robertrosenkranzGood Deflation: a “Tax Cut” for Working Families