I didn't anticipate the lag (I didn't think about it one way or another), but there are substantial lags between printing money and price inflation, so there should be lags between a shrinking money supply and price deflation.
Study Econ. There is always a lag. They are very cunning in their communications, because being clear can bring undesirable effects.
reply
Study Econ
It's a big subject and I can't pay attention to everything all the time. I'm not really a macro guy and the monetary deflation of the past year is historically unprecedented, so I don't know if more studying would have helped.
I have been thinking about macro questions more since finding Stacker News, so perhaps my instincts on the subject will improve.
reply
Already have, I'd say.
reply