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I'd also read that too. Explains it quite well for a non-economist. Comparing it to the current situation I think this is what we are seeing (correct me if I'm wrong). The following 4 things can cause deflation: The supply of money goes down. The supply of other goods goes up. Demand for money...
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The textbook for my Principles of Macroeconomics class, Macroeconomics , 2nd ed. by R. Glenn Hubbard and Anthony Patrick O'Brien, has a section entitled "Money without a Government? The Strange Case of the Iraqi Dinar" (Chapter 13, p. 435 for anyone who is interested) in which the authors...