forget deflation .. inflation set to soar .., page-52

one of my relations is CEO of a large company, says that they would rather terminate all workers in preference to selling at less than the cost of production

my conclusion is that many other industrialists will do the same thing and their common reaction to recession does not lead to reduced prices and logically does not lead to deflation

looking at it in simple terms - will milk producers, for example, reduce their prices?

who will reduce their prices leading to deflation?

something to think about, at least