2009-05-23 — blogspot.com
What will also be noted in the history books is that, during the late-20th and early-21st century, U.S. economists were far too busy patting themselves on the back for having engineered what appeared to be "The Great Moderation" to fully understand the important distinction between domestic inflation (think health care and education) and imported deflation (think clothing and electronics) which, when combined, produced what will be remembered fondly as "benign" inflation.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.