In Defense of Deflation is popular PDF and ePub book, written by Philipp Bagus in 2014-12-26, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, In Defense of Deflation can be Read Online from any device for your convenience.
In Defense of Deflation Book PDF Summary
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.
Detail Book of In Defense of Deflation PDF
- Author : Philipp Bagus
- Release : 26 December 2014
- Publisher : Springer
- ISBN : 9783319134284
- Genre : Business & Economics
- Total Page : 228 pages
- Language : English
- PDF File Size : 11,5 Mb
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