Letter to Mises.org:
I read Steve Forbes’s Fact and Comment column in Forbes Magazine, June 9, 2003, specifically the items headlined “Deflation: The Fast, Easy Cure“ and “Dumb Debate.” He clearly thought that deflation is bad for the economy. He seemed to think that one should strike a balance between inflation and deflation. He wrote that currencies are meant to be a measurement of value. I felt he was wrong, but I found it hard to explain why. Time to go back to mises.org and review what it has on deflation. Lew Rockwell’s deflation essay appeared right on the first page! Thank you!”
