I made this video in response to Rick Santorum’s claim that price inflation occurred under the gold standard in the U.S., and that inflation is necessary for economic growth.
Here’s the Santorum video I was referring to:
On inflation, and money in general, there is no getting around Murray Rothbard’s What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar, which can also be listened to.
On deflation, I recommend the following sources:
Articles and Monograph:
“Deflation and Depression: Where’s the Link?” by Joseph T. Salerno
“Apoplithorismosphobia” (.pdf) by Mark Thornton. (Thornton coined the term to refer to the fear of deflation.)
“An Austrian Taxonomy of Deflation – With Applications to the U.S. by Joseph T. Salerno
“Optimal Monetary Policy” by Jörg Guido Hülsmann
Deflation and Liberty by Jörg Guido Hülsmann; audiobook
Audio (mp3):
“On Deflation” by Joseph T. Salerno
“The Economics of Deflation” by Jörg Guido Hülsmann
“The Gold Standard in Theory and Myth” by Joseph T. Salerno
I cover both inflation and deflation in my books Meltdown and Rollback.
On booms and busts before the Fed, see this video:
For more on these subjects, check out my Learn Austrian Economics resource.