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To increase my understanding of Austrian economics I wanted to compare the views of the inflationists and the deflationists. Some propose that the most likely scenario to happen in the (near) future is high- or hyperinflation while others argue that deflation might occur. Deflation: Bank assets decline...
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Hello All, I'm trying to clarify something in my mind. Everything is according to my understand at the moment, so if I am wrong, please correct me. I believe that the Austrian school states that recessions occur due to restraining the money supply during an inflationary period. The question often...