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Recent Posts

Deflation – Austrian School of Economics

www.moneyminds.co.uk – Jörg Guido Hülsmann gives a lecture on deflation. Dr Hülsmann is a professor of economics at the University of Angers in France. This lecture along with the other ten lectures in the series were recorded with fellow Austrian School Economist Hans-Hermann Hoppe, in September 2005 in Klampenborg, [...]

Harms of Inflation vs. Benefits of Deflation

When it comes to monetary policy, politicians, economic planners at the Federal Reserve, and public opinion are afraid of entirely the wrong scenario. They pursue a deliberate gradual inflation of the money supply for fear that the opposite tendency — a great deflation might take hold. They allege that deflation is a great calamity, and that mild inflation is a lesser evil or even a preferable policy to follow. The Keynesians among them contend that inflation encourages investment in business enterprises and provides an economic stimulus. [...]

ALERT! Deflation!

That is the DEFINITION of deflation . The crisis is coming to its dénouement and it seems to be a long period of deflation and depression, like Japan's lost years (it keeps losing them even today). I am indebted and fear chills my blood; may be I … [...]