"housemarket is not a ponzi, its inflation driven"
Interesting way of putting it. Would that mean that from 2008 to 2009 US had negative inflation in the order of 60%?
Negative inflation would be "deflation."
Deflation, like in deflationary. That's good, right?
It really depends on what economist you talk to whether inflation or deflation are a "good" thing.
There's actually a good bit of evidence showing that very minimal inflation is good (>=~1%). It gets people to buy things rather than continually waiting for prices to go down.
In this forum, this opinion, shared by about 95% of economists...will cause you a lot of agressive replys.
Btw: what is good or not for a specific economie depends realy on many other factors. Economies try to not find out how deflation would affect their specific situation... because when a deflation is negative it turns desasterous.....inflation is just better to control