Deflation articles: Whoppers and meltdown

You know I like to beat the claxon about deflation. For some good anecdotes about the phenomena, see David Leonhard’s story; among other things, he notes that the price of Burger King’s Whopper has declined by a third in the last twenty years. And if you want to look under deflation’s hood, don’t miss Megan McArdle’s explanation of the pernicious economics of deflation. In short, “the mechanism for generating money starts to break down.”