Monetary Policy in Low-Inflation Economies

RT @GeorgeSelgin: For studies showing that gold-standard era deflation was generally _not_ depressing, see, for the US, Shields (https://t…

For studies showing that gold-standard era deflation was generally _not_ depressing, see, for the US, Shields (https://t.co/Qa35y6ysDR) (not online, alas); Beckworth (https://t.co/nRB8KzUILl); and Bordo, Landon-Lane, and Redish (https://t.co/viSVDoFP6V).

@PaulLeach51 I can’t answer the last questions, as I’d have to do some digging, for which I lack time. But there were many instances of supply-driven deflation during the gold-standard era. Here are some studies of those: https://t.co/r5g60WBocr; https://…

Re good v bad deflation. There is a huge opportunity coming to switch our monetary system in time for the impending technological revolution. If we do, we have a chance to completely change economies and truly see cheap prices for everything, and abu…