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In Defense of Deflation

Produktform: E-Buch Text Elektronisches Buch in proprietärem

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.weiterlesen

Dieser Artikel gehört zu den folgenden Serien

Elektronisches Format: PDF

Sprache(n): Englisch

ISBN: 978-3-319-13428-4 / 978-3319134284 / 9783319134284

Verlag: Springer International Publishing

Erscheinungsdatum: 26.12.2014

Seiten: 215

Autor(en): Philipp Bagus

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