Price Deflation and the Horrors of Falling TV Prices
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.
Original Article: “Price Deflation and the Horrors of Falling TV Prices“
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.