Crockpot:  Deflation must be avoided at all costs!

Tim Farrelly | farrelly's | 15 December 2010

Normally, Crockpot takes aim at soft targets like product floggers, academics and those who like to pretend that managing their own business risk is the same as managing their clients' risks. So it is with considerable trepidation that here we take on the world's central bankers, who after countless years of diligent and learned study, are protecting the world against the evils of deflation.

Between 1929 and 1933, the United States economy contracted by 26% in real terms. That's six times...