Salerno and Selgin on Deflation–and Quantitative Easing
Audio-Video, Resources — June 4, 2013 at 1:26 PM
By Joseph Salerno
In an interview on CNBC’s European Closing Bell show, George Selgin presents an eloquent and compelling defense of deflation that is caused by increasing productivity in the economy. He refers to this as “good deflation.” Indeed, Selgin argues that such deflation is “desirable,” because any attempt by the Fed to offset it by monetary expansion will create asset bubbles.
Unfortunately,...
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Salerno and Selgin on Deflation–and Quantitative Easing
By Joseph Salerno
In an interview on CNBC’s European Closing Bell show, George Selgin presents an eloquent and compelling defense of deflation that is caused by increasing productivity in the economy. He refers to this as “good deflation.” Indeed, Selgin argues that such deflation is “desirable,”...
June 4th, 2013 | Audio-Video, Resources | Read More
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From the Cato Policy Report:
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