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Title: Beware the perma-deflationist
Review: This book originally came out in 2002. Rather than the deflation that it warned of, there have been (to date) seven years of staggering inflation. The price of a troy ounce of gold was $290 then. Check the price today. It's $953 as I type this.There are reasons to read the book. A person who read it might have been able to predict the panic of 2008 and its consequences. But do not become a perma-deflationist like Prector. The US government has no way to deal with the unprecedented national debt other than to inflate it away or default outright. If the deflationary scenario comes about, your best investments are canned goods, seeds, property with water, and bullets.
