Deflated Expectations

Selgin, George
February 2009
American Conservative;2/9/2009, Vol. 8 Issue 3, p14
The author reflects on the implication of deflation for the U.S. economy. He notes that the country emerged from the Great Depression's trauma with a severe case of deflation anxiety. He attributed this to consumers who were confronted with more to spend money. He points out and suggests that people should fear central bank policies that prevent good deflation.


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