Europe and Deflation Paranoia

Tags: Booms and Busts, Global Economy

05/05/2014 Frank Hollenbeck

The European Central Bank is deeply concerned about deflation, and deflation paranoia is a convenient way to justify propping up southern Europe, writes Frank Hollenbeck.

This audio Mises Daily is narrated by Joe Kohlhaas.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.