Philipp Bagus 
In Defense of Deflation [PDF ebook] 

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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.

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Table des matières

Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.

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Langue Anglais ● Format PDF ● Pages 215 ● ISBN 9783319134284 ● Taille du fichier 2.8 MB ● Maison d’édition Springer International Publishing ● Lieu Cham ● Pays CH ● Publié 2014 ● Téléchargeable 24 mois ● Devise EUR ● ID 5233989 ● Protection contre la copie DRM sociale

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