[First published on Free Life.] Politicians and mainstream economists are persistent in their warning of the so-called “deflation danger” – the idea that falling prices are calamitous for economic progress and that a perpetual, ceaseless price inflation is needed in order to bring us back to prosperity. Often,
Economic Myths #12 - The Deflation Danger
Economic Myths #12 - The Deflation Danger
Economic Myths #12 - The Deflation Danger
[First published on Free Life.] Politicians and mainstream economists are persistent in their warning of the so-called “deflation danger” – the idea that falling prices are calamitous for economic progress and that a perpetual, ceaseless price inflation is needed in order to bring us back to prosperity. Often,