Thursday, January 22, 2015

Deflation, Europe and Brady

Europe, which is in an economically difficult position, is worried about deflation, where prices are lower every year, instead of higher. When this happens, economies don't grow, which leads to unemployment and decreasing standards of living. The European Central Bank recently launched a program in which it will buy bonds to stimulate the economies of Europe. This is an attempt to deal with a difficult situation.
In America, on the other hand we are consumed with the concept of football deflation. This is said to have happened in the AFC championship game. Since it was raining heavily, many commentators accuse the New England Patriots of deflating their footballs so they would be easier to throw. Bill Belichick, a man for whom winning is everything, and who is been caught in controversy before, says he doesn't know anything about it. He adds that  he has had to learn about the merits of inflating and deflating footballs. Commentators have stated that Belichick makes every decision in the Patriots organization and was attempting to shift the blame to the quarterback, Tom Brady.  However, the NFl now says Brady was probably telling two assistants how to doctor the balls.
The contrast is stark. Unlike Europe, which worries whether its citizens will be able to sell products and feed their children, America has moved on to loftier heights with its concern about the correct pressure for a ball. I'm glad to live in a country that has its priorities straight.

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