From: Nicholas Zurfluh Subject: Deflation or Inflation Dr. Block, I have a question. Between the recent activities of the Federal Reserve and the Federal Government making large transfer payments to various businesses and individuals I am reading about concerns of hyperinflation. Could it be that deflation is the expected outcome of this particular demand side shock and that the monetary interventions by the Feds are countervailing? Would a general price deflation be good for everyone in this economic circumstance? Nicholas Zurfluh Dear Nicholas: As Austrians, I don’t think we can say, definitively, that the massive recent increase in the money … Continue reading An Austrian Analysis of Inflation