Deflationary trap, here we come!

I went to the laundromat today to find that the cost of using the large washing machines had been lowered, from $3.50 to $2.75. Somebody warn Krugman!

(Okay, I’m not actually going to drive the economy off a cliff by saving up all my dirty laundry in hopes that prices will fall even more. Still, it seems pretty remarkable, given that the last time I can remember this happening is, well, never.)

Recent Related Posts