Why Price Deflation Doesn't Hinder Investment

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/HAP491a The 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/HAPodFree Join us May 15–17, 2025, at the Mises Institute for our Revisionist History of War Conference: Mises.org/RHW