Robert Blumen wrote an article at the Mises Institute about Deflation  mainly discussing Robert Prechter views, here is the link:  Deflation Confusion: Money is not credit. Robert Blumen is right, Money is not Credit.  But the problem is that the current economic theories do not differenciate them properly, including the classic austrian school of economics.  In fact Mises did include Credit “Money” within the same … Seguir leyendo Response to Robert Blumen on Deflation: Money is not Credit