Deflation Is Not a Problem: Reversing It Is

Tags: Central Banks, Inflation, Keynes, U.S. Economy

12/09/2022 Frank Shostak

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation’s bad effects but also allows new wealth creation.

Original Article: “Deflation Is Not a Problem: Reversing It Is”

This Audio Mises Wire is generously sponsored by Christopher Condon.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.