We Need a 20 Percent Deflation

https://www.theepochtimes.com/opinion/we-need-a-20-percent-deflation-5542190

“They have forgotten a main lesson taught by Murray Rothbard, who wrote: “The long-run tendency of the free market economy, unhampered by monetary expansion, is a gently falling price level, falling as the productivity and output of goods and services continually increase.””