In Defense of Deflation

Released on by Philipp Bagus
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  • In Defense of Deflation Book Detail

  • Author : Philipp Bagus
  • Release Date : 2014-12-26
  • Publisher : Springer
  • Genre : Business & Economics
  • Pages : 228
  • ISBN 13 : 3319134280
  • File Size : 38,38 MB
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In Defense of Deflation by Philipp Bagus PDF Summary

Book Description: 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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How will the coming deflation affect you? What strategies will work in the deflation years ahead? Look inside for: