Re: RE: Re: Monetary deflation

[michael perelman]

David, I tried to give an explanation in a book, The Natural Instability
of Markets.

David Shemano wrote:

> 
> If you could explain to me how monetary deflation can arise from private
> market relations and not the actions of a central bank(s), I would be very
> interested.
> 
> David Shemano

-- 

Michael Perelman
Economics Department
California State University
Chico, CA 95929
 
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]