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