Deflated: Causes and Cures of the Great Recession of 2009 J. Duncan Smeaton

ISBN: 9781451542264

Published: March 11th 2010

Paperback

62 pages


Description

Deflated: Causes and Cures of the Great Recession of 2009  by  J. Duncan Smeaton

Deflated: Causes and Cures of the Great Recession of 2009 by J. Duncan Smeaton
March 11th 2010 | Paperback | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 62 pages | ISBN: 9781451542264 | 4.39 Mb

Oil price shock has triggered every recession for the last 40 years. Anti-inflationary policy exaggerated the impact and extended the slowdown in 2009. The Great Depression was triggered not by wild hyperinflation leading to collapse, but rather by unduly harse monetary policy in the late twenties. The key problem is both periods was seen to be Inflation when in fact it was Deflation. Inflation is Inflated- Deflation is Deadly!



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