SLP153 Philipp Bagus - What Most People Get Wrong About Deflation
Stephan Livera Podcast
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What Is Bank Credit Deflation?
Philip Klein: I like in the book as well, you spell out here you y disaggregate some of these different components. Even inside this concept of cash building deflation, you can even talk about acathose things like wealth storage, demand for money and speculative demand for money. A bank credit deflation happened after an artificial boom when banks have expanded credit,. reserve banks, have halve created our money and loaned it out at artificial low interust rates.
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