Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
Volume 6, No. 4 (Winter 2003) Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely, we will see a hefty rise in consumer prices in the next few years. In other words, an existing or imminent deflation in the US is a chimera conjured