TRANSMISSION SLP153

What Most People Get Wrong About Deflation

with Philipp Bagus

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