Description
Deflation is likely one of the most feared terms in economics. It in an instant conjures visions of abandoned farms and idle factories, and streams of unemployed workers standing in breadlines.
In this necessary new book, Chris Farrell explains that deflation don’t need to presage a collapse. Within the process he provides new ways of having a look at our economic and financial futures. More than an introduction to the subject, Farrell points out that deflation has at all times been a fundamental aspect of the business cycle.
As they did in 19th-century The usa, deflation and fast economic growth can coexist. Alternatively, the affect on business, consumers, investors, policymakers — and you — is the subject of this incisive volume.