Quarterly Journal of Austrian Economics
Author:
Greg Kaza
Online Publish Date:
Volume 9, No. 2 (Summer 2006) Joseph T. Salerno (2003) argues economic growth has occurred in periods of deflation. The Austrian School’s broad understanding of deflation is underscored by the four definitions offered by Salerno (growth deflation, cash-building deflation, bank credit deflation, and confiscatory deflation). Keynesians , by