Savers – sacred cows or sacrificial lambs?
I have been engaged in a lengthy twitter engagement with @IzaKaminska and we have agreed to disagree. Her first post on our debate was entitled ‘Savers are not sacred cows’ and can be found here http://dizzynomics.wordpress.com/2013/08/12/savers-are-not-sacred-cows-redux/. I feel her arguments and those of others with similar views, are important to air. I fundamentally disagree with their analysis, but I may of course be wrong. They contend that we are actually in a deflation and there is not really any inflation…