Quarterly Journal of Austrian Economics

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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

07/30/2014Joseph T. Salerno

 

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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Contact Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

 

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.