Friday, September 25, 2015

Three questions for Andrew Haldane, chief economist for the Bank of England

Re: From ZIRP TO NIRP by Alasdair Macleod

1. What exactly is wrong with price deflation?

2. In a world of increasing productivity, are not lower prices inevitable?

3. Are not lower prices beneficial, in that all society enjoys an increasing standard of living on the same money income?

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