What is Deflation?
Deflation is a form of economic contraction that signals a depressionary period and a possible economic downturn on the way.
Lessons From a POW
As a former POW, Robert Radford tells a fascinating tale in his essay “Economic Organisation of a P.O.W. Camp” of how economies work. But what stands out most – and what is truly valuable for today’s investors – is his commentary on the camp’s “currency.”