And that's basically deflation 50 percent deflation.

On the cuff.

Want to cuff me, boys?

That's a 50 percent deflation rate.

So you're already seeing deflation in wages.

He made a splendid off the cuff speech.

I'm not good at speaking off the cuff.

Hawkin's test assesses for possible rotator cuff impingement.

Hawkin's test assesses for possible rotator cuff impingement.

That's the dividing line between inflation and deflation.

Next assess the strength of the rotator cuff muscles.

Neer's test also assesses for possible rotator cuff impingement.

So because of our innovation, we actually experienced deflation.

You see we've had a couple of bouts of deflation.

Everyone's talking about inflation and deflation these days, including myself.

Cuff his wrists together, and I'll tie him out in the barn.

They don't know what's coming, but they'll hear something off the cuff.

And the opposite of inflation, if things actually get cheaper, is deflation.

In terms of price performance, that's a 40 to 50 percent deflation rate.

Actually, let me draw a zero line, so you can separate inflation from deflation.

All the talk today is about are we going to see inflation or deflation.

You wouldn't want to say something off the cuff that might be used against you.

When I hit his cuff, said Cuss, I tell you, it felt exactly like hitting an arm.

What else can be indicated by that right cuff so very shiny for five inches, and the

You've sewn your torn cuff together with a Lembert stitch, which, of course, only a surgeon uses.

And then everybody else would have to license this cuff or this sleeve because Joe Blow owns it.

In the last video I spoke a bunch about the determining factor on whether we have inflation or deflation.

And trust me, this will eventually lead to whether we're going to see inflation or deflation in this economy.

He extended it straight towards me, slowly, slowly just like that until the cuff was six inches from my face.

I've done a bunch of videos now on inflation and deflation and how they can be impacted by capacity utilization.

Get ready to trade in those cuff links for some apple seeds, all because you reached out to your weak ties.

That leads to deflation and we'll talk in future videos why in many circles that is viewed as a scary thing.

If you have 50 percent deflation, people may increase their volume 30, 40 percent, but they won't keep up with it.

Pyle, you had best square your ass away and start shitting me Tiffany cuff links or I will definitely fuck you up.

We had deflation during the Depression, but that was collapse of the money supply, collapse of consumer confidence, a completely different phenomena.

I'll return to the drawing board, literally, in the next video and we can proceed with our discussion of inflation and deflation.

But, in any case, the deflation of this glacier since 1984 has been higher than the Eiffel Tower, higher than the Empire State Building.

A lot of people, when I have this inflation deflation argument, they make this argument that China and India are going to continue growing.

I feel somewhat uneasy when I sit on a chair with Japanese clothes. I feel like the wind is blowing in from the cuff of my trousers.

And when so much of our economy, and even the basket of goods in the CPl and I'll do another video on that is service based, if you're seeing deflation in wages, that's another data point that tells you, at least in the medium term, we're probably going to see further deflation in prices as a whole.

And so in the situation that we're in right now, if you're wondering about whether you're going to see inflation or deflation, my argument is look at capacity utilization.

And we'll talk in the future about inflation and deflation and the fact that there is a constraint on how much gold can be produced, but you can print money.

It's all very well for you to laugh, but I tell you I was so startled, I hit his cuff hard, and turned around, and cut out of the room I left him

The intent of this playlist is eventually for you to be able to go to your econ professor and say, no, we won't or we will have inflation or deflation for reasons x, y, and z.

But no, this is a very important point, because the money was put to work in actual productive investments that create wealth, that make the pie bigger, or the pie of apples bigger, we actually experience deflation.