Alasdair Macleod, Michael Oliver and Chris Taylor are return guests. Alasdair believes fears of price deflation are unwarranted. Price deflation has been brought about by past sound money and free markets. By contrast Keynesian inflationary financing has led to repeated monetary and systemic failures. Investment funded by savings is a far better, natural economic environment than the false gods of easy debt and money printing. There can be no return to the stability of gentle price deflation without seismic shifts in economic thinking by governments and central banks. Alasdair will explain why
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