Richard Koo Says Maintain Course with Deficits

Richard Koo on Bloomberg. Koo has an excellent perspective of the current "balance-sheet recession" having lived through and learned from Japan's mistakes that resulted in the nearly two lost decades of economic contraction. His speech at this year's Institute for New Economic Thinking event was brilliant.

My buddy, Elliot, over at AZ had some great thoughts today on the current deflation battle.