mercredi 25 février 2015

The Price Paradox

In 1923, John Maynard Keynes addressed a fundamental economic question that remains valid today. “nflation is unjust and deflation is inexpedient," he wrote. “Of the two perhaps deflation is…the worse; because it is worse…to provoke unemployment than to disappoint the rentier. But it is not... The Price Paradox

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