Dissing the Economy
Disinflation is here -- at least in the thoughts of commentators looking at the economy. Newsweek columnist Robert J. Samuelson wrote about disinflation, "the quelling of double-digit inflation," in that magazine's issue of last September 25. In this month's Inc., CEO Norm Brodsky warns that we may have already moved beyond disinflation into a period of full-scale deflation. (See "Economy 1996: Face-off," [Article link].) It was entrepreneur Eric Kriss who first raised the specter of deflation, in an article in our January 1993 issue. If you buy Brodsky's argument, the Kriss article was nothing short of prophetic. Then again, if you side with Springfield Remanufacturing Corp. president Jack Stack, it was just another bum steer.