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In Defense of Deflation

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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Detail Information
Series Title
-
Call Number
330 BAG i
Publisher
: .,
Collation
XVII, 215
Language
English
ISBN/ISSN
978-3-319-13427-7
Classification
330
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
-
Subject(s)
Macroeconomics/Monetary Economics
Specific Detail Info
-
Statement of Responsibility
Other Information
Cataloger
Khusnun
Source
-
Validator
-
Digital Object Identifier (DOI)
-
Journal Volume
-
Journal Issue
-
Subtitle
-
Parallel Title
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