Greg Mankiw's Blog: Deflation Alert
Aha he is saying the old hags are present true value( sum up all baggage) and young mistress bonds nominal value only, we must looking at things hard and wisely - able to see old hags ugly price then pretty young things pretty price. So he suggestion is “ Fed, whether you like it or not you have to bed with your old hag!” Gosh who would like to bed with cold turkey old hag! Unless send her off 5 stars resort for life- invigoration: knife in here there, tuck-suck in here in there, and pampered by scented oil and gigolo massages day and night for rejuvenation