Mises Daily
Author:
Robert Higgs
Online Publish Date:
[This article is reprinted with permission from The Beacon . © Copyright 2008, The Independent Institute .] We are now hearing ominous warnings about imminent deflation. Checking the welcome page at AOL this morning, I see that the lead item in the financial news section heralds “The Looming Threat of Deflation.” This headline encapsulates two