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Stephan Livera Podcast

SLP153 Philipp Bagus - What Most People Get Wrong About Deflation

62 min • 28 februari 2020

Philipp Bagus, Professor Department of Applied Economics, Universidad Rey Juan Carlos - joins me to talk about why deflation is not what you typically hear in the mainstream financial press. In this conversation we talk about:

  • The real causes of deflation
  • Why deflation is not necessarily what causes recessions
  • Distinctions between growth deflation, and bank credit deflation
  • Contrasting life under a fiat money standard with a hard money standard
  • Real world examples

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