Deflation’s inflationary source

posted by
February 16, 2012
Ludwig von Mises Institute
by David Howden  
Posted in Commentary

"A cry heard often today -- both on the west and east sides of the Atlantic -- is that inflation levels are dangerously low. While most central banks target a price inflation level of around 2–3 percent, general price indexes of most Western countries are falling below the lower bound of that target. A fear of deflation -- apoplithorismosphobia, as Mark Thornton calls it -- is setting in." (02/16/12)  


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