Don't the Austrians say that inflation & deflation are in
money first and prices on a delay? A strong dollar is by definition
deflationary because it increases purchasing power. But there's
also deflationary slack in labor worldwide; production capacity,
etc. All deflationary.
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Don't the Austrians say that
China - To become the Global Banker...
Posted by a_l_ on 22nd of Jul 2015 at 10:15 am
Don't the Austrians say that inflation & deflation are in money first and prices on a delay? A strong dollar is by definition deflationary because it increases purchasing power. But there's also deflationary slack in labor worldwide; production capacity, etc. All deflationary.