SMR forum: the inflationary bugaboo.
If mandatory wage and price controls are not a viable option for controlling inflation, what means are available to help us achieve price stability without causing a serious depression? This author argues that the battle against inflation requires programs which address its underlying causes: low productivity growth, regulation, the balance of payments deficit, and inflationary expectations. While such a "piecemeal" approach may lack the emotional appeal of a single "cure-all" program, it is the best approach available.
Barocci
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