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Deflation and Liberty

By Jörg Guido Hülsmann
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$3.25
By Jörg Guido Hülsmann
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This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped. Jorg Guido Hulsmann shows that deflation is nothing to fear. The government should permit it to happen as a path to economic recovery and even as a tool to reform. Institutions that are liquidated in deflation need to be liquidated, and that includes banks and other financial institutions as well.

The essay covers a surpr...

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BusinessEconomicsEconomic Theory & Schools of ThoughtEconomic ConditionsMacroeconomicsEconomic Theory - General & MiscellaneousEconomics - General & MiscellaneousEconomic Conditions - General & MiscellaneousMacroeconomics - General & MiscellaneousInflation & Deflation - Economics