1975: Thoughts on Inflation: the Basic Forces
So much has been written and is currently being written on inflation that it is impossible to read everything and say anything that has not been said before. The best I can do under these circumstances is, I believe, not to comment on current events but to go back to basic principles which are often lost sight of in daily work, although they are frequently a better guide for things to come than minute description of current events and the extrapolation of recent trends.
KeywordsMonetary Policy Pressure Group Union Wage Aggregate Supply Money Wage
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- 6.George Terborgh, Control of Home-Grown Inflation, Machinery and Allied Products Institute. Washington, DC: MAPI 1974 (Mimeographed).Google Scholar
- Emerson P. Schmidt, Union Power and the Public Interest. Los Angeles: Dutton. 1973;Google Scholar
- W. H. Hutt The Strike-Threat System:The Economic Consequences of Collective Bargaining, New Rochelle, NY: Mises Institute, 1973.Google Scholar
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