How deflationary forces will be turned into inflation

posted by
January 19, 2012
Ludwig von Mises Institute
by Thorsten Polleit  
Posted in Commentary

"The ongoing financial and economic crisis has not only stoked fears that it will end in inflation -- as central banks will print up ever-greater amounts of money -- but it has also given rise to a diametrically opposed concern: namely, that of deflation. For instance, in December 2011 Christine Lagarde, head of the International Monetary Fund (IMF), warned that the world might risk sliding into a 1930s-style slump, such as the Great Depression." (01/19/12)  

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