The Causes of Price Inflation & Deflation: Fundamental Economic Principles the Deflationists Have Ignored

posted by
May 9, 2011
Libertarian Papers
by Laura Davidson  
Posted in Commentary

"In the inflation-deflation debate, deflationists view credit as the most important factor affecting prices. As far as they are concerned, the credit contraction of 2008 caused prices-in-general to fall, and prices will continue to fall unless bank lending resumes. But are these opinions based on a sound understanding of economics?" [abstract -- full paper available as PDF or MS Word download] (05/05/11)

 

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