Less Than Zero: The Case for a Falling Price Level in a Growing Economy

George Selgin

Less Than Zero: The Case for a Falling Price Level in a Growing Economy
Format
Paperback
Publisher
Cato Institute
Country
Published
18 September 2018
Pages
188
ISBN
9781948647106

Less Than Zero: The Case for a Falling Price Level in a Growing Economy

George Selgin

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In this new edition of his highly praised 1997 book, George Selgin argues that monetary policy should not have the goal of price stability, but should aim to allow prices to move in-line with movements in productivity (the so-called productivity norm ). Radical and contrarian, this hugely original book remains a mini-classic.

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