Balcerowicz: The all-evil deflation - a fabrication

Inflation in the European Union is declining, but it is nonetheless an inflation and the myth of deflation being always bad is a fabrication, Leszek Balcerowicz, former Deputy Prime Minister and Finance Minister of Poland, as well as former chairman of the National Bank of Poland - considered Poland's reformer, told a conference in Bucharest on Wednesday.They say that when prices no longer increase, consumers stop buying products and ...

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