Mises Daily
Author:
Robert Blumen
Online Publish Date:
The end is near. The end, that is, of the current monetary system. But inflation or deflation? Dow 1,000 or wheelbarrow money? While the arguments on the deflation side are not entirely without merit, they rely on conceptual errors that result in exaggerating the magnitude of a possible deflation. The primary error of the deflation camp is the