That is basically correlation implying causation. Deflation has been happening with China mass producing cheaper goods than western world able to. My dollar able to purchase way more Nokia knock-off phones and yet my pay decrease during the same time. Yeah USA is experiencing decrease in aggregates demand. Economics are just number statistics fitting whatever school of economists decide to be. So many contradictions of theories in economics so bad that some have to actively attack the other schools (Misses? Chicago? Keynes?).
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