Less Than Zero : The Case for a Falling Price Level in a Growing Economy
"Selgin's monograph should become required reading for every central banker." -- DAVID BECKWORTH, Senior Research Fellow with the Program on Monetary Policy at the Mercatus Center "In Less Than Zero, George Selgin cuts through the confusions that govern most thinking about monetary policy. It changed my thinking about deflation and inflation when it was first published, and it may do the same for yours." -- RAMESH PONNURU, Senior Editor, National Review.