Episode 491
Why Price Deflation Doesn't Hinder Investment
The Human Action Podcast · Mises Institute
March 14, 2025
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Show Notes
One of the common worries about a hard money like gold or Bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can't go below 0%. Bob explains why these fears are invalid.
- The Charts Used in This Episode Can Be Viewed Here: Mises.org/HAP491a
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Topics
Capital and Interest TheoryGold StandardMonetary TheoryPricesValue and Exchange