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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.
- GenresEconomicsNonfiction
232 pages, Hardcover
First published January 15, 2015
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Displaying 1 - 2 of 2 reviews
December 23, 2024
Thought provoking. Thought it was a well researched and substantiated presentation of an alternative view towards monetary policy and economics, one virtually completely ignored by the mainstream
June 29, 2025
-- English
This fascinating book provides an in-depth analysis of monetary policy and the real purchasing power of money.
My only criticism is that it repeats concepts and examples too often; it could be half as long without losing any substance.
-- Español
Este libro fascinante ofrece un análisis profundo sobre la política monetaria y el poder real de compra del dinero.
Mi única crítica es que repite demasiado algunos conceptos y ejemplos; podría ser la mitad de extenso sin perder contenido.
This fascinating book provides an in-depth analysis of monetary policy and the real purchasing power of money.
My only criticism is that it repeats concepts and examples too often; it could be half as long without losing any substance.
-- Español
Este libro fascinante ofrece un análisis profundo sobre la política monetaria y el poder real de compra del dinero.
Mi única crítica es que repite demasiado algunos conceptos y ejemplos; podría ser la mitad de extenso sin perder contenido.
Displaying 1 - 2 of 2 reviews