{"id":182,"date":"2016-09-09T09:43:14","date_gmt":"2016-09-09T13:43:14","guid":{"rendered":"http:\/\/www.ramapo.edu\/sabrincenter\/?page_id=182"},"modified":"2017-11-03T09:25:26","modified_gmt":"2017-11-03T13:25:26","slug":"falling-prices-good-business","status":"publish","type":"page","link":"https:\/\/www.ramapo.edu\/sabrincenter\/falling-prices-good-business\/","title":{"rendered":"Why Falling Prices Are Good for Business"},"content":{"rendered":"<h3 style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-188 alignleft\" src=\"https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/WhyFallingPricesLecture-graph-300x226.jpg\" alt=\"whyfallingpriceslecture-graph\" width=\"250\" height=\"188\" srcset=\"https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/WhyFallingPricesLecture-graph-300x226.jpg 300w, https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/WhyFallingPricesLecture-graph-768x578.jpg 768w, https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/WhyFallingPricesLecture-graph-1024x771.jpg 1024w, https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/WhyFallingPricesLecture-graph.jpg 1673w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>Tuesday, October 4,\u00a07:30 p.m.\u00a0Trustees Pavilion<br \/>\nRSVP to <a href=\"mailto:msabrin@ramapo.edu\">msabrin@ramapo.edu<\/a> by Tuesday, September 27.<\/h3>\n<h4>Are rising prices necessary for economic growth and prosperity? And are falling prices a sign of an economic depression and widespread unemployment?<\/h4>\n<p>Professor Salerno will show how falling prices under the gold standard facilitated enormous growth in the American economy before 1914 (when the Fed began its operations) and how they helped a swift recovery from the 1920-21 depression, and how the Fed\u2019s <em>deflationphobia<\/em> and unorthodox monetary policy continues to retard growth today.<\/p>\n<p class=\"p1\">Alex Olbrecht, Associate Professor of Economics at Ramapo College of New Jersey, will join Dr. Salerno to discuss the Federal Reserve\u2019s monetary policies.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-186\" src=\"https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/Professor-Salerno-231x300.jpg\" alt=\"professor-salerno\" width=\"150\" height=\"195\" srcset=\"https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/Professor-Salerno-231x300.jpg 231w, https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/Professor-Salerno.jpg 271w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/>Professor of Economics at the Lubin School of Business of Pace University in New York City <strong>Joseph T. Salerno<\/strong>, received his Ph.D. in economics from Rutgers University. He is the editor of the <em>Quarterly Journal of Austrian Economics<\/em> and the Academic Vice President of the Ludwig von Mises Institute where he holds the Peterson-Luddy Chair in Austrian Economics.<\/p>\n<p>His latest book is <em>The Fed at One Hundred: A Critical View on the Federal Reserve System<\/em>, co-edited with David Howden and he is the author of <em>Money: Sound and Unsound<\/em>. He has also been interviewed on broadcast and online radio and TV shows including Bloomberg radio, CSPAN, Fox News, Fox Business Network and others. He blogs at <a href=\"http:\/\/mises.org\/Blog\">http:\/\/mises.org\/Blog <\/a><\/p>\n<p class=\"p1\"><span class=\"s1\"><b><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-196 size-thumbnail\" src=\"https:\/\/www.ramapo.edu\/sabrincenter\/wp-content\/uploads\/sites\/150\/2016\/09\/Print-Program-9.23-150x150.jpg\" alt=\"Alex Olbrecht\" width=\"150\" height=\"150\" \/>Alex Olbrecht <\/b><\/span>is an Associate Professor of Economics at Ramapo College of New Jersey and the Executive Director Emeritus of the Eastern Economic Association. He has previously served in public office, most recently as the Treasurer of the Yonkers Public Library System. His research interests include the economics of education, labor and sports.<\/p>\n<h4 style=\"text-align: center;\">Refreshments will be served at 7 p.m.<\/h4>\n<p>Funding for this project was provided by the John Templeton Foundation through a grant from the Institute for Human Studies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday, October 4,\u00a07:30 p.m.\u00a0Trustees Pavilion RSVP to msabrin@ramapo.edu by Tuesday, September 27. Are rising prices necessary for economic growth and prosperity? And are falling prices a sign of an economic depression and widespread unemployment? Professor Salerno will show how falling prices under the gold standard facilitated enormous growth in the American economy before 1914 (when [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-182","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Falling Prices Are Good for Business - Sabrin Center for Free Enterprise || Ramapo College of New Jersey<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ramapo.edu\/sabrincenter\/falling-prices-good-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Falling Prices Are Good for Business\" \/>\n<meta property=\"og:description\" content=\"Tuesday, October 4,\u00a07:30 p.m.\u00a0Trustees Pavilion RSVP to msabrin@ramapo.edu by Tuesday, September 27. Are rising prices necessary for economic growth and prosperity? And are falling prices a sign of an economic depression and widespread unemployment? 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