Why won’t that continue and feed on itself – as it has in Japan – as consumers delay spending in anticipation of even lower prices in the future? And doesn’t Japan’s persistent deflation since the early 1990’s also show that, once it begins, deflation cannot be reversed by a policy of easy money or fiscal deficits?
那些担心通缩的人则注意到美国消费者物价指数在过去三个月内都没有上升，而随着消费者推迟消费来等待更低的价格，情况会像日本那样陷入一种恶性循环当中。此外日本自1990年代以来的持续通货紧缩不是业已证明，通货紧缩不会因为货币扩张政策或者财政赤字而得到逆转吗？