aren't progressive economists generally of the view that a little extra inflation isn't such a terrible thing?
suppose that unemployment is 6% and inflation is 3%. Behind Door Number Two we have: inflation is 6% and unemployment is 3%. shouldn't we favor Door Number Two? On Sun, Mar 30, 2008 at 9:20 AM, ken hanly <[EMAIL PROTECTED]> wrote: > > Isn't there a problem with government attempts to > solve the liquidity crisis and stimulate the economy. > Aren't they liable to cause inflation especially when > combined with high oil prices and agricultural > production shortages that are driving up prices. > Converting agricultural to biofuel production doesn't > help either. Couldn't we end up with RECession and > inFLATION? > > Cheers, Ken Hanly > > Blog: http://kenthink7.blogspot.com/index.html > Blog: http://kencan7.blogspot.com/index.html > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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