Synopsis
An analysis of the benefits and consequences of deflation considers the possible link between significant historical deflation and the Great Depression, citing the causes of deflation while arguing for controlled and moderate deflation as a natural part of the economic cycle. Reprint. 10,000 first printing.
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Synopsis
In this approachable and incisive book, Chris Farrell gives a primer on the causes and consequences of deflation. Providing a clear description of the economics of deflation, Farrell also gives some historical examples, including the Great Depression of the 1930s and Japan's current malaise.
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Deflation
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