Less than Zero: The Case for a Falling Price Level in a Growing Economy

George A. Selgin

In several countries, allowing for some positive bias in popular inflation measures, zero inflation itself is now close to being the status quo. That is a great accomplishment in its own right. But its full benefits will not be grasped unless we recognize it as a stepping-stone towards something even better.

Less Then Zero by George Selgin
Meet the Author
George A. Selgin
View George A. Selgin bio and works

Institute of Economic Affairs, 1997