Reply To: Loans and falling prices and wages

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#17310
derosa8
Member

Don’t worry Ramlajh, it’s not as depressing as it looks. Liberty is always the answer. The alternative to a “monetary system with inherently deflationary features” is an inflationary monetary system that breeds the boom and bust and crony capitalism we have rampant today.

Also, this 40 page or so essay is right on point. http://mises.org/books/deflationandliberty.pdf