Some Thoughts on Price Deflation

New Perspectives on Political Economy, Vol. 2, No. 1, pp. 1-12, 2006

12 Pages Posted: 8 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

William Barnett

Loyola University New Orleans

Date Written: July 6, 2011

Abstract

Price deflation has long been a bugaboo of economics; cordially hated, reviled and feared by practically everyone. There is some justice in these sentiments when the price deflation comes about as a result of government action. However, there is no warrant for them when they stem from the freely made economic decisions of the masses of economic actors. Then, price deflation is not only not problematic, it is a positive virtue.

Suggested Citation

Block, Walter E. and Barnett, William, Some Thoughts on Price Deflation (July 6, 2011). New Perspectives on Political Economy, Vol. 2, No. 1, pp. 1-12, 2006. Available at SSRN: https://ssrn.com/abstract=1880582

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

William Barnett

Loyola University New Orleans ( email )

526 Pine Street
New Orleans, LA 70118
United States

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