Oostenrijkse School: GloComNet interview met Sassen over Deflatie
In this episode, Alexander Sassen van Elsloo discusses the misconception economists and central bankers have about deflation. The Austrian view differs and one needs to make a distinction between good deflation (normal if you will) and bad (f.e. monetary driven) deflation. As policymakers make no distinction and have declared deflation as enemy nr 1, current policies are bound to end up in tears.