DIGG THIS It is my great pleasure to see this little essay in print. Written and presented more than five years ago, it was welcomed at the time by scholars with a background in Austrian economics. However, it was not understood and was rejected by those who did not have this background. In order to reach a broader audience, a short essay would simply not do. I therefore decided not to publish Deflation and Liberty and started to work on The Ethics of Money Production, a book-length presentation of the argument, which has just become available from the Mises Institute. … Continue reading Deflation and Liberty