Good Deflation/Bad Deflation, Good Inflation/Bad Inflation
December 14, 2011 at 12:05 PM EST
I recently attended an economic conference with mostly conservative-leaning economists. Someone had a paper that mentioned how certain types of deflation can actually be good, as when rapid productivity growth helped reduce prices in the late 1800s. I agree with this, and mentioned that I rarely hear conservatives talk about “good inflation.” Well I might [...]