Inside the Aisle reports:
Using a cartoon (in the tradition of Schoolhouse Rock), Robert Krulwich
artfully explained why retail price wars threaten to deepen the
recession.
Our take:
While the theory is controversial, the underlying theory is sound. Whether you think you agree or not with the premise, the cartoon is definitely worth watching. It's a quick introduction to the concept of deflation, and why it causes lots of problems for the economy.