Inflation/Deflation

Inflation represents a loss of discipline that always ends up hurting a large number of people. Furthermore, the consequences of inflation can leave wreckage in which policymakers are left with no good alternative policies to follow. Words: 961

Policies aimed at countering a fall in prices, which are supposedly aimed at fighting deflation, do nothing more than provide support for nonproductive activities and delay the chances for a durable economic recovery. Words: 1586