Philipp Bagus, Professor Department of Applied Economics, Universidad Rey Juan Carlos – joins me to talk about why deflation is not what you typically hear in the mainstream financial press. In this conversation we talk about:
- The real causes of deflation
- Why deflation is not necessarily what causes recessions
- Distinctions between growth deflation, and bank credit deflation
- Contrasting life under a fiat money standard with a hard money standard
- Real world examples
Philipp Bagus links:
- Website: http://philippbagus.com/
- Twitter: @PhilippBagus
- Book: In Defense of Deflation
- Mises Profile: Philipp Bagus
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- Source: https://podcasters.spotify.com/pod/show/stephan-livera/episodes/SLP153-Philipp-Bagus—What-Most-People-Get-Wrong-About-Deflation-eb4l4b
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