Tag Archives: philipp_bagus

David Howden’s Review of In Defense of Deflation by Philipp Bagus

‘While Keynesians attribute deflation to an aggregate demand deficiency, and monetarists are wont to see contractions to the money supply or drops in the velocity of money as the culprit, Bagus takes the reader through a more nuanced view of … Continue reading

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How the Paper Money Experiment Will End by Philipp Bagus

Philipp Bagus proposes 7 scenarios for the endgame of the current economic mess. Inflate Default on Entitlements Repudiate Debt Financial Repression Pay Off Debt Currency Reform Bail-in ‘Any of the seven options, or combinations of two or more options, may … Continue reading

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Today’s Wealth Destruction Is Hidden by Government Debt by Philipp Bagus

In “Today’s Wealth Destruction Is Hidden by Government Debt” Philipp Bagus makes excellent use of the imaginary construct of the Robinson Crusoe-Friday economy to illustrate how bad debt can destroy wealth. ‘To illustrate, let us consider Robinson Crusoe and the … Continue reading

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