Deflation – What Happens When Prices Fall

Deflation – What happens when prices fall by Chris Farrell. It took me a three weeks to complete this as it wasn’t the most gripping of books I had in my reading pile, but it was good enough that I wanted to finish it.

The book is written for a US audience, so covered US economy and the issues the US has that interact with inflation/deflation.

The book looks at the relationship between deflation and depressions. How the was deflation in the 1900, without depression. About monetary policy and how the Fed and Government affected (prolonged and worsened) the great depression of the 1930’s and hyper-inflation of the 1970’s. Ending with how he would structure public policy to enable the US to have a growth economy, and maintain is world power.