Deflation: What Happens When Prices Fall
Publisher: Collins (May 11, 2004) | ISBN: 0060576456 | PDF | 240 pages | 15,18 MB
Publisher: Collins (May 11, 2004) | ISBN: 0060576456 | PDF | 240 pages | 15,18 MB
The mere mention of the word deflation brings to mind the specter of the Great Depression: falling prices means consumers hold off making purchases, waiting for prices to go lower; demand for goods and services falters, profits disappear, and companies begin massive layoffs; the default rate on loans increases, causing bank failures, and so on, in a lethal economic downturn. The fear of deflation is so great that economists dare not even ...















