I’m publishing this comment as a post because I’d forgotten about the effects of inflation on wages – a phenomenon that I haven’t read elsewhere recently - and partly because I’d like someone to answer the question not answered here, namely, what are the advantages of deflation or zero growth? I also like the notion [...]
Tag Archives: monetarism
Inflation is handy for stealthily lowering wages, deflation makes money cheaper but discourages risk-taking.
February 4, 2009 – 10:51 am