The Logic of Deflation
Russ and Don discuss the logic and economics behind deflation, using historical examples to challenge common misconceptions. They highlight the success of the late 19th century American economy, which experienced deflation, and contrast it with the negative consequences of inflation in post-World War I Germany and modern-day Zimbabwe. The conversation explores the impact of deflation on both buyers and sellers, debunking flawed arguments and emphasizing the importance of clear thinking in economic analysis.In this clip
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EconTalk
Don Boudreaux on Monetary Misunderstandings
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