George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label debt repayment. Show all posts
Showing posts with label debt repayment. Show all posts
Monday, November 05, 2007

DEFLATION AND THE GOLD STANDARD

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November 5, 2007* Calling falling prices per se “deflation” is one of the most serious errors one can make in economics. It’s tantamount to ...
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