Mises Wire
Author:
George Reisman
Online Publish Date:
In his response to my article “ The Anatomy of Deflation ,” Frank Shostak writes: “The problem with this [Reisman’s ] way of thinking is that deflation is presented as an independent destructive force. However, deflation doesn’t have a life of its own - it is always dependent on prior monetary inflation. Consequently, it is not possible to reach