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The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
Is the Productivity of the Economic System Shuddering Their Work Forces?
This is kind of the crux of a divide between te cansian and austrian school of economics, i think. So is the productive enterprises shuddering their work forces due to deflation? As that the relationship here, yet, because prices fall below the cost of production. Ok. Ah, so one thing i'd like, i guess, to go a little bit deeper on deflation first. You know, i had jeff booth on the show. If you're familiar with his book, the price of to morrow o, if yove heard of it, i he's making the argument that the entire purpose of the economic system is to create price deflation.
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