COLUMN-The deflation monster under the bed: James Saft

April 2, 2015 8:54 PM

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April 2 (Reuters) - As with so many illnesses, focus only on deflation as a state and you will end up more likely to get it and to mis-treat it when it happens.

Scarred by the lessons of the Great Depression, where an exceptional and self-reinforcing deflation, or general fall in prices, took hold, central bankers have fought signs of it since the financial crisis with everything they have.

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