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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
In Defense of Deflation

In Defense of Deflation

Bagus, Philipp

Hardcover

Series: Financial and Monetary Policy Studies, Book 41

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 3319134272
ISBN13: 9783319134277
Publisher: Springer Nature
Published: Jan 15 2015
Pages: 215
Weight: 1.12
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English
This book analyses the causes and consequences of deflation. In contrast to the widespread belief that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the widespread deflation phobia that serves to justify expansionary monetary policy, i.e., inflation are investigated. Two historical case studies, the growth deflation in the US after the Civil War and the bank credit deflation in Germany during the Great Depression are discussed to illustrate the points made in the theoretical analysis of deflation.

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