Philipp Bagus, Professor Department of Applied Economics, Universidad Rey Juan Carlos - joins me to talk about why deflation is not what you typically hear in the mainstream financial press. In this conversation we talk about:

The real causes of deflation
Why deflation is not necessarily what causes recessions
Distinctions between growth deflation, and bank credit deflation
Contrasting life under a fiat money standard with a hard money standard
Real world examples

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