But when populations shrink, overinvestment gets worse over time, creating a deflationary spiral.
But cautious incrementalism, ironically, risks letting the world slip ever further down the deflationary spiral.
However, that still left a deflationary gap of over 5% of GDP, which threw the Irish economy into the deflationary spiral.
Prices would move toward the inflation target of 2 percent, removing the threat of a deflationary spiral.
Something must be done to address this investment shortfall as soon as possible or else Europe could find itself caught in a destructive, deflationary spiral that could take years to unravel.
We've got to work through the differences, find the best bill we possibly can, and get it in place as quickly as possible to contain what is a very damaging and potentially deflationary spiral.
