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Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see deflation as new loan activity lessens.
Original Article: "Boom to Bust: How Inflation Turns into Deflation"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.