Description
In Defense of Deflation, Softcover reprint of the original 1st ed. 2015
Financial and Monetary Policy Studies Series, Vol. 41
Author: Bagus Philipp
Language: EnglishSubjects for In Defense of Deflation:
In Defense of Deflation
Publication date: 09-2016
Support: Print on demand
Publication date: 09-2016
Support: Print on demand
In Defense of Deflation
Publication date: 01-2015
215 p. · 15.5x23.5 cm · Hardback
Publication date: 01-2015
215 p. · 15.5x23.5 cm · Hardback
Description
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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.
Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.
Analyses and explains the consequences of price deflation
Exposes the myths about deflation and explains the reasons for the deflation phobia
Offers a new interpretation of the US deflation in the second half of the 19th century and the German deflation during the Great Depression
Includes supplementary material: sn.pub/extras
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