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An Austrian Taxonomy of Deflation—With Applications to the U.S.

  • The Quarterly Journal of Austrian Economics

Tags Money and BanksU.S. EconomyMoney and Banking

 

Volume 6, No. 4 (Winter 2003)

 

Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely, we will see a hefty rise in consumer prices in the next few years. In other words, an existing or imminent deflation in the US is a chimera conjured up by those unfamiliar with sound, Austrian monetary theory.

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Cite This Article

Salerno, Joseph T. "An Austrian Taxonomy of Deflation—With Applications to the U.S." The Quarterly Journal of Austrian Economics 6, No. 4 (Winter 2003): 89–109.