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Recent Economic Data Shows the Good Side of Deflation
Mises Daily
Author: Edin Mujagic
Online Publish Date:
Category: Money and Banking, Booms and Busts, Money and Banks
The Fed, the ECB, and the Bank of England repeatedly tell us that deflation is extremely dangerous for an economy. Central bankers, most economists, and the media speak of deflation as one of the greatest disasters that can strike an economy. It is stunning then, given the apparent importance of the subject — and the possible collateral damage of
Will the Fed Let Innovation Work Its Magic?
Mises Daily
Author: Edin Mujagic
Online Publish Date:
Category: The Fed, Global Economy, Money and Banks
Sometimes one finds true gems in one’s archives. Recently I came across a speech by then-chairman of the Fed, Ben Bernanke, from May 18, 2013. It was the commencement speech at Bard College at Simon´s Rock, in Great Barrington, Massachusetts. In it, Bernanke chose to forget for a while the dire straits the Western economy is in and focused on