The public has shown confidence that any increases in inflation will be temporary and that, in the long run, inflation will remain low.
The public has shown confidence that any increases in inflation will be temporary and that, in the long run, inflation will remain low.
Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.
The destruction wrought by Katrina and Rita may reduce growth somewhat in the short run, but the longer-term growth trajectory remains in place.
Indeed, I would argue that, in situations of considerable slack, growth that is generated solely by increased productivity, and that is unaccompanied by substantial employment growth, may possibly require monetary ease, rather than monetary tightening, in the short run.
© 2020 Inspirational Stories
© 2020 Inspirational Stories