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In Defense of Deflation
Philipp Bagus
€ 129.75
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Description for In Defense of Deflation
Hardback. In Defense of Deflation Series: Financial and Monetary Policy Studies. Num Pages: 232 pages, 14 black & white illustrations, biography. BIC Classification: KCBM; KCP. Category: (P) Professional & Vocational. Dimension: 244 x 165 x 18. Weight in Grams: 498.
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. ... Read more
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. ... Read more
Product Details
Format
Hardback
Publication date
2014
Publisher
Springer International Publishing AG Switzerland
Number of pages
232
Condition
New
Series
Financial and Monetary Policy Studies
Number of Pages
215
Place of Publication
Cham, Switzerland
ISBN
9783319134277
SKU
V9783319134277
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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