Deflation ~ Ethics of Money Production
World Crypto Network
Huerta de Soto's "Ethics of Money Production" Chapter 4 argues that six canonical deflation-fighting arguments—that deflation reduces production, encourages hoarding, threatens debt service and banking stability, causes unemployment, and prevents monetary stimulus—lack empirical warrant. Austrian economics perspective: physical resources survive deflation; time preference and survival needs sustai
https://relay.towardsliberty.com/22111fcd6ee0c5467ff98f12a78632da1e6c3594105f7a90f1c4c83a45df8643.mp4
World Crypto Network
Huerta de Soto's "Ethics of Money Production" Chapter 4 argues that six canonical deflation-fighting arguments—that deflation reduces production, encourages hoarding, threatens debt service and banking stability, causes unemployment, and prevents monetary stimulus—lack empirical warrant. Austrian economics perspective: physical resources survive deflation; time preference and survival needs sustai
https://relay.towardsliberty.com/22111fcd6ee0c5467ff98f12a78632da1e6c3594105f7a90f1c4c83a45df8643.mp4