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Стр. 13
A benevo- lent Providence is supposed to have pro- vided them with the same cure : raising the interest rate or - if you prefer to do things indirectly - restricting the money supply . Last time out ( " Bankers Have the Classic COLA ...
A benevo- lent Providence is supposed to have pro- vided them with the same cure : raising the interest rate or - if you prefer to do things indirectly - restricting the money supply . Last time out ( " Bankers Have the Classic COLA ...
Стр. 13
I N THREE recent contributions to this space I have argued that the conventional theories of inflation are wrong — that it is not caused by full or almost - full employment , and that it is not cured by raising the interest rate .
I N THREE recent contributions to this space I have argued that the conventional theories of inflation are wrong — that it is not caused by full or almost - full employment , and that it is not cured by raising the interest rate .
Стр. 13
Putting aside the question of whether causing so much grief was a noble idea , we may ask how letting the interest rate soar caused the recession . The answer is that it made goods too ex- pensive for most consumers .
Putting aside the question of whether causing so much grief was a noble idea , we may ask how letting the interest rate soar caused the recession . The answer is that it made goods too ex- pensive for most consumers .
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Библиографические данные
| Название | The New Leader, Том 72 The new leader, American Labor Conference on International Affairs |
| Авторы | American Labor Conference on International Affairs, Social Democratic Federation of America |
| Издатель | New Leader Pub. Association, 1989 |
| Владелец оригинала: | Мичиганский университет |
| Оцифровано | 25 июл 2007 |
| Экспорт цитаты | BiBTeX EndNote RefMan |