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Description:
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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
Philipp Bagus links:
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Stephan Livera links:
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