LARGE PRINT EDITION! More at LargePrintLiberty.com This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped. Jorg Guido Hulsmann shows that deflation is nothing to fear. The government should permit it to happen as a path to economic recovery and even as a tool to reform. Institutions that are liquidated in deflation need to be liquidated, and that includes banks and other financial institutions as well. The ...

Deflation and Liberty 2008, Createspace Independent Publishing Platform

ISBN-13: 9781479347063

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