In Defense of Deflation
ISBN:
978-3-319-36676-0
Auflage:
Softcover reprint of the original 1st ed. 2015
Verlag:
Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
24.09.2016
Reihe:
Financial and Monetary Policy Studies
Format:
Softcover
Seitenanzahl:
215
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Versandkostenfrei ab 40 Euro in Österreich
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.
Schlagwörter
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