Mises Daily
Author:
Jeffrey M. Herbener
Online Publish Date:
Economists have been counseling inflation to cure Japan’s ills, while warning of the grave dangers of deflation. This is sheer nonsense. Nothing apart from war has damaged economic prosperity in the 20th century as much as the loose money and credit policies of the world’s central banks, from Germany in the 1920s to China in the 1940s, to various