 | United States. Congress. Senate. Committee on Labor and Public Welfare - 1964 - 1384 lapas
...countries, particularly among those groups with some Influence on policy, Is that the optimum rate of chance In the price level Is not zero but some positive number...correct that the prevailing view seems to be that "crepplng Inflation * • • Is In the long run a drag upon national progress, and that It Is both... | |
 | United States. Congress. Senate. Committee on Labor and Public Welfare - 1964 - 1160 lapas
...more than offsets. In Its effects on welfare, the redistributional effects which benefit debtors nt the expense of creditors and those on fixed Incomes....p. 75. Among economists. Nell Jacoby may be correct thnt the prevailing view seems to he that "creeping Inflation • • • Is In the long run a drag... | |
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In the price level Is not zero but some positive number ; say. 1 or 2 percent per year — because the moderate stimulus thus provided to economic activity more than offsets. In Its effects on welfare, the redistributional effects which benefit debtors... 