Which One: Inflation or Deflation

Many economists and pundits have predicted an economic collapse in the “not to distant” future. Some predict a deflationary collapse, while others predict an inflationary one. The common thread among these people is the belief that a collapse in imminent. We can use Austrian analysis and determine just who is correct.

The Not So Scary Truth About Deflation

Main stream economics teaches that deflation is a bad thing, while inflation is beneficial if held to a certain level. How this arbitrary level is ascertained is known only by those who believe in their macroeconomic models. Just what is inflation and deflation? Inflation Truths In recent history the term “inflation” has taken on new…