|This page was proposed for deletion by an editor in the past.|
|This page was nominated for deletion on 29 July 2009. The result of the discussion was no consensus.|
|WikiProject Business||(Rated Stub-class, Low-importance)|
|WikiProject Economics||(Rated Redirect-class)|
This article needs to be deleted.
This article may be original research. Not a single reference is cited. I would remove the article immediately. I has a lot of mistakes.
There are a number external links indicating the concept is in use. There may well be inaccuracies in the description, which could be tidied up. Alternatively a WP:AFD discussion may be in order. Ben MacDui 21:06, 27 January 2009 (UTC)
Any person who knows a little bit about economics and finds an article that starts with" Biflation is the state of an economy where the processes of inflation and deflation occur simultaneously." will not read the rest of the article.
Everyone knows that it is impossible to have an economy in the state of inflation and deflation at the same time. I think it is a waste of time to spend one more minute on this article. Thank you.
- Maybe... I used to think that it was impossible for an element to be in solid, liquid and gaseous state at the same time until i learned about triple points. Not saying it's true but who knows what theoretic models economists can come up with! Akerbeltz (talk) 21:15, 28 January 2009 (UTC)
- PennySeven, with all due respect, you're flat out wrong. Inflation and deflation can occur at different asset classes and I believe this article makes it clear. I was aware of this phenomenon but I wasn't aware someone coined a term for it. 22.214.171.124 (talk) 12:36, 16 March 2009 (UTC)
- This article needs to be deleted immediately simply as evidenced by the above statement "Inflation and deflation can occur at different asset classes" which demonstrates a fundamental misunderstanding of the meaning of inflation and deflation. The fact that you can find 1000 hits on "biflation" with a google search does not make it an economic term. 126.96.36.199 (talk) 19:55, 30 March 2009 (UTC)
- While I believe biflation is an interesting term, and there is evidence that it actually exists, at least from a price perspective, I could find no other reference to "Dr. F. Osborne Brown, a Senior Financial Analyst for the Phoenix Investment Group." No Dr. Brown, and no Phoenix Investment Group that existed in 2003. I believe that at least this part of the entry may well be fiction. Dr. F. Osborne Brown, please stand up.
This article needs to be saved.
We use the term in econ classes/seminars at our institution. The term needs to be further clarified here. 'Biflation' refers to "PRICE" inflation and deflation occurring simultaneously in different asset classes, not monetary inflation and deflation occurring simultaneously. —Preceding unsigned comment added by 188.8.131.52 (talk) 14:01, 7 September 2009 (UTC)
- I think it is clear looking at the current major economies in Europa (and probably the USA too) that is article will have to be saved, because the situation described is happing at this very moment. You could look for example the inflation/deflation report 2012 of the Dutch Bureau for Statistics, that has a inflation and deflation in numbers split down to essential goods and non-essentials. Essentials are having quite some inflation, while housing and cars have heavy deflation Mastah (talk) 13:48, 24 January 2013 (UTC)
The comment(s) below were originally left at several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section., and are posted here for posterity. Following
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|The above statement inflation and deflation cannot occur simultaneously is not true at all. They can, indeed occur simultaneously. The commenter above is referring to “Economic” inflation and deflation not occurring simultaneously. I agree. However, the term ‘Biflation’ refers to “Price” inflation (not economic inflation) which can occur simultaneously.
Refer to an 2007 article by Professor Antal E. Fekete “Can We Have Inflation and Deflation at the Same Time?”
Professor Fekete is a full Professor of Mathematics and Economics at the University of Newfoundland. He’s an expert on monetary economics and has served as a consultant to Paul Volker (Chairman of the Federal Reserve Bank).
In the article he states:
What does it all mean? At minimum it means that we can have inflation cum deflation. I am not referring to stagflation. I refer to the seemingly impossible phenomenon that the money supply inflates and deflates at the same time. The miracle would occur through the devolution of money. This is Alf Field’s admirable phrase to describe the „good money is driven out by bad” syndrome. Electronic dollars driving out FR notes. The more electronic money is created by Helcopter Ben, the more FR notes will be hoarded by banks and financial institutions while passing along electronic dollars as fast as they can. Most disturbing of all is the fact that FR notes will be hoarded by the people, too. If banks cannot trust one another, why should people trust the banks?
Devolution is the revenge of fiat money on its creator, the government. The money supply will
split up tectonically into two parts. One part will continue to inflate at an accelerating pace, but the other will deflate. Try as it might, the Federal Reserve will not be able to print paper money in the usual denominations fast enough, especially since the demand for FR notes is global. Regardless of statistical figures showing that the global money supply is increasing at an unprecedented rate, the hand-to-hand money supply may well be shrinking as hoarding demand for FR notes becomes voracious. The economy will be starved of hand-to-hand money. Depression follows deflation as nightfollows day.
Last edited at 14:59, 1 August 2009 (UTC). Substituted at 09:36, 29 April 2016 (UTC)