Canadian Finance Minister Flaherty says that if disinflation becomes engrained, the government will need to think about stimulus. However, he’s comforted because economists see inflation rising.
Then you have the Fed’s Bullard, who’s an economist, saying that inflation remains ‘a bit of a puzzle’ and a ‘wild card’.
Tally it up and it’s little more than hope that inflation rises from people who have been wrong before.
