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In Defense of Deflation

By Philipp Bagus

In Defense of Deflation Law

In Defense of Deflation

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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.
Product details
Edition:
1
Number of Pages:
236
Release Date:
2015-01-15
Publication Date:
2015-01-15
Publisher:
Springer
Languages:
Original: English
ISBN10:
3319134272
ISBN13:
9783319134277
GPSR Manufacturer Reference:
[email protected]
Weight:
524 g
Height:
160 cm
Width:
241 cm
Thickness:
19 cm
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