This is an very clear and concise explanation of deflation as it pertains to our current mixed-economy nightmare. Being somewhat of an economic noob, I had to read it carefully a few times to grasp all the underlying premises - good stuff.

George Reisman is my favorite and most reliable source for coherent and rational economic musings.

This entry was posted on Tuesday, January 27th, 2009 at 11:36 am and is filed under Misc., Economics, Capitalism, Deflation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.