In Defense of Deflation
Bagus, Philipp.
In Defense of Deflation [electronic resource] / by Philipp Bagus. - Cham : Springer International Publishing : Imprint: Springer, 2015. - XVII, 215 p. 14 illus. online resource. - Financial and Monetary Policy Studies, 41 0921-8580 ; . - Financial and Monetary Policy Studies, 41 .
Introduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion.
This book analyses the causes and consequences of deflation. In contrast to the widespread believe 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.
9783319134284
10.1007/978-3-319-13428-4 doi
Economics.
Economic policy.
Macroeconomics.
Finance.
Economics/Management Science.
Macroeconomics/Monetary Economics.
Financial Economics.
Economic Policy.
HB172.5
339
In Defense of Deflation [electronic resource] / by Philipp Bagus. - Cham : Springer International Publishing : Imprint: Springer, 2015. - XVII, 215 p. 14 illus. online resource. - Financial and Monetary Policy Studies, 41 0921-8580 ; . - Financial and Monetary Policy Studies, 41 .
Introduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion.
This book analyses the causes and consequences of deflation. In contrast to the widespread believe 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.
9783319134284
10.1007/978-3-319-13428-4 doi
Economics.
Economic policy.
Macroeconomics.
Finance.
Economics/Management Science.
Macroeconomics/Monetary Economics.
Financial Economics.
Economic Policy.
HB172.5
339