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All manner of electronic gear, for example, falls in price, even in nominal (non-inflation adjusted) terms.
FORBES: Irish Stress Tests: Bailout To Cost $99B, Banking Sector To Consolidate
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Monetizing debt and allocating credit, rather than stabilizing the growth of nominal demand and achieving long-run price stability, have brought the Fed into dangerous waters.
FORBES: The Federal Reserve's Flawed Approach To Monetary Policy
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With nominal rates at zero, and core consumer-price inflation at 0.5%, you are still paid to borrow.
ECONOMIST: Twitchy foreign hedge funds have sold too soon
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Although the interest rate is 0% to 0.1%, average deflation of -1.3% in the past 15 years means that the real interest rate (nominal interest rate 0% minus the price change of -1.3%) is a positive 1.3%.
BBC: Abenomics: Can it really end deflation in Japan?
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In theory, a discretionary central bank could limit the quantity of money and achieve long-run price stability by controlling the growth of nominal final demand.
FORBES: The Federal Reserve's Flawed Approach To Monetary Policy
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Rather than engaging in pure monetary policy to ensure long-run price stability and prevent erratic changes in nominal GDP, the U.S. central bank has engaged in fiscal policy by allocating credit to favored groups and thus politicized monetary policy.
FORBES: The Limits Of Monetary Policy Call For Moral, Sound Money