Titlebook: In Defense of Deflation; Philipp Bagus Book 2015 Springer International Publishing Switzerland 2015 Bank Credit Deflation.Deflation.Fallin

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Consequences and Myths Concerning Deflation,nificant portion of individual prices. Of course, prices are always the result of a complex market process. It is within this dynamic of human interactions that one can determine which prices fall first, which fall later, which fall faster, which fall slower and to which extent. Which companies or i

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Economic Theories of Deflation,My aim in this chapter is not to comment on every reference concerning the subject of falling prices. This endeavor would be virtually impossible. Rather, I provide an overview of the main currents and changes in economic theories of deflation. This overview aids in explaining how and when theories

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Causes of Deflation,uilding, by bank credit contraction and by government fiat. As such, these “kinds” of deflation will be called growth deflation, cash building deflation, bank credit deflation, and fiat deflation. Growth deflation represent goods-induced changes in the purchasing power of money, while cash building

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Consequences and Myths Concerning Deflation,red its declines and its relation to other aggregates like the gross domestic product (GDP). This procedure, however, obstructs the view of consequences apart from those aggregates that are more or less meaningful. In other words, the aggregates obstruct the view on individual human action. It is in

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