This is called a cycle valve tube.

And that's basically deflation 50 percent deflation.

And this is how you make a valve.

This is actually a heart valve, which we engineered.

Does the color of the valve matter? What matters here?

Deflation Doldrums?

Now that's a left ventricle pushing blood up through the aortic valve you can see two of the leaflets of the aortic valve working there up into the ascending aorta.

And the way you engineer this heart valve is the same strategy.

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This is actually a heart valve that we've engineered, and you can see here, we have the structure of the heart valve and we've seeded that with cells, and then we exercise it.

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It has a funny trilobal shape at the bottom, which contains the aortic valve.

Southern Europe could enforce deflation.

Deflation in many advanced economies.

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That's a 50 percent deflation rate.

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Even trips to the dentist require that you take antibiotics, in case you get an internal infection on the valve.

People bring their own cooker, he attaches a valve and a steam pipe, and now he gives you espresso coffee.

We take the scaffold, we seed it with cells, and you can now see here, the valve leaflets opening and closing.

Its unique cool flow valve can efficiently discharge hot and damp exhaled breath from inside the respirator, allowing easier breathing for users.

Likewise, if you have the artificial valve option, you're committed to antibiotic therapy whenever you have any intrusive medical treatment at all.

So, the most beautiful thing I found at least what I think is the most beautiful in the book, is this heart valve.

So this is actually a Dutch company, so I called them up, and I asked, Can I borrow a heart valve from you?

Great and then I didn't hear from them for weeks, so I called, and I asked, What's going on with the heart valve?

He turned the wrong valve when he filled his cylinder he had 80 percent oxygen in his tank when he should have had 40.

The low tech bit is that it's literally a pig's heart valve mounted in the high tech bit, which is a memory metal casing.

In terms of price performance, that's a 40 to 50 percent deflation rate.

So you see the leaflets opening and closing of this heart valve that's currently being used experimentally to try to get it to further studies.

The fire disaster happened at about 10 00am and was put out at about 10 30am. It is the snifting valve inside that triggered the fire.

Deflationary pressures eased in Japan but firm evidence that deflation has ended is still awaited.

And they said, Well the director of the company decided not to let you borrow this heart valve, because want his product to be associated with pigs.

Policymakers will have to worry about a strange beast called stag deflation (a combination of economic stagnation recession and deflation) about liquidity traps (when official interest rates become so close to zero that traditional monetary policy loses effectiveness) and about debt deflation (the rise in the real value of nominal debts, increasing the risk of bankruptcy for distressed households, firms, financial institutions, and governments).

Price deflation is far more likely in the near term. But temporary deflation need not be the terror that central bankers fear, at least if the banking system is recapitalized and if interest rates in the industrial countries fall sharply.

And some of these models so you take a bit of this cycle valve tube, you can put two matchsticks inside this, and you make a flexible joint.

And the fact that pig heart valves have lots of these on them is the reason that you can't transplant a pig heart valve into a person easily.

And once it's in the right spot, they remove the outer shell, and the heart valve, well, it gets this shape and at that moment it starts beating, instantly.

Early in that terrible decade, deflation became a reality for nearly all countries and for all of the advanced economies. In the last two years, at least six of the advanced economies and as many as eight have been coping with deflation.

The inability of unconventional monetary policies to prevent outright deflation partly reflects the fact that such policies seek to weaken the currency, thereby improving net exports and increasing inflation. This, however, is a zero sum game that merely exports deflation and recession to other economies.

Japan provides good lessons about where the true risks are, as it has been suffering from deflation or near deflation for 14 years. Since 1991, Japan has been mired in what Harvard economist Alvin Hansen, a contemporary of Keynes, once described as secular stagnation.

A five year cumulative 30 deflation in prices and wages in Greece, for example which would mean five years of deepening and socially unacceptable depression even if feasible, this amount of deflation would exacerbate insolvency, given a 30 increase in the real value of debt.