What Can We Do About Inflation?
This is a hell of a time, I know, to seek attention for a fresh approach to the problem of inflation. Who is interested? After five years of an administration that made curbing inflation its number one domestic priority and a surfeit of Nixon’s, Shultz’s and Stein’s confident promises, glib forecasts and disastrous outcomes, after enduring the “classic cure” of a recession intentionally induced by tight fiscal and monetary policies, and after waiting out a long period of phased direct wage and price controls... Читать дальше...