Is Inflation the Answer?
Recently, a number of commentators have proposed a sharp, contained bout of inflation as a way to reduce debt and reenergize growth in the US and the rest of the industrial world. But, while is an attractive solution at first glance, a closer look reveals cause for serious concern.
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CHICAGO – Recently, a number of commentators have proposed a sharp, contained bout of inflation as a way to reduce debt and reenergize growth in the United States and the rest of the industrial world. Are they right?