Why Price Deflation Doesn't Hinder Investment episode artwork

EPISODE · Mar 14, 2025

Why Price Deflation Doesn't Hinder Investment

from The Human Action Podcast · host Robert P. Murphy

One of the common worries about a hard money like gold or Bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can't go below 0%. Bob explains why these fears are invalid.The Charts Used in This Episode Can Be Viewed Here: Mises.org/HAP491aThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFreeJoin us May 15–17, 2025, at the Mises Institute for our Revisionist History of War Conference: Mises.org/RHW

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Why Price Deflation Doesn't Hinder Investment

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This episode was published on March 14, 2025.

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One of the common worries about a hard money like gold or Bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can't go below 0%. Bob explains why these fears are invalid.The Charts Used...

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