Less Than Zero: The Case for a Falling Price Level in a Growing Economy

Less Than Zero: The Case for a Falling Price Level in a Growing Economy
ISBN-10
1495294285
ISBN-13
9781495294280
Series
Less Than Zero
Category
Business & Economics
Pages
82
Language
English
Published
2014-01-22
Publisher
Createspace Independent Publishing Platform
Author
George Selgin

Description

LARGE PRINT EDITION! More at LargePrintLiberty.com. This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.

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