Free Market
Author:
Robert Higgs
Online Publish Date:
The Free Market 26, no. 11 (December 2008) 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 highly problematic ideas. The first is that deflation would