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- Search found 2 items for:
- Value and Exchange
- Financial Markets
- 2009
Mises Daily
Author:
Mark Thornton
Online Publish Date:
Fed Chairman Ben Bernanke, like most mainstream economists, has an irrational fear of deflation — whether it is understood as falling prices or a contracting money supply. I have coined the term “apoplithorismosphobia” for this psychological malady. In contrast, average Americans love deflation whether it’s at Wal-Mart, in the Cash for Clunkers