Prosperity without Inflation

Reynolds, Alan
September 1980
National Review;9/19/1980, Vol. 32 Issue 19, p1130
The article discusses the development of fiscal and monetary policies for the U.S. that will promote economic development without inflation. The country needs a framework that would support economic growth, not a framework that uses inflation to cure unemployment and a framework that uses unemployment to cure inflation. The fiscal and monetary policies should aspire to limit the growth of spending while encouraging the growth of production. Tax relief and tax cuts could be the answer to the problem of stimulating spending. Tax relief could also revive incentives and rebuild productive capacity.


Related Articles

  • STARTING OVER: A NEW BIPARTISAN ECONOMIC POLICY. Stein, Herbert // Challenge (05775132);Mar/Apr83, Vol. 26 Issue 1, p50 

    Some of the country's initiatives of the past two or three years are fundamentally correct and need to be pursued. These include the start on rearmament, the start on reducing inflation, some of the tax cuts, and some of the steps taken to restrain non-essential federal expenditures. But there...

  • KARAKTER MONETARNE POLITIKE I NJEN UTJECAJ NA PRIVREDNI RAZVOJ. Šarganović, Haris // Business Consultant / Poslovni Konsultant;May/Jun2012, Vol. 4 Issue 18/19, p85 

    This paper shows the effectiveness of monetary policy with the goal of streamlining the market towards economic development. The first part of this paper shows the impact of inflation on economic growth, which is reduced by inflation growth as well as how monetary policy plays a crucial role and...

  • Analysis of monetary and fiscal policy mix. Constantin, Ionuţ // Manager (University of Bucharest, Faculty of Business & Administ;Dec2010, Issue 12, p7 

    Economics are constantly hit by various shocks - that affect aggregate demand and aggregate supply and have the potential to generate recession or expansion, repective a high level of unemployment and high inflation rate. Governments use fiscal and monetary policies to try to stabilize the economy.

  • Country Intelligence: Report: Thailand.  // Thailand Country Monitor;7/ 1/2013, p1 

    The article discusses various aspects associated with Thailand including its economic development, capital investment and consumer demand. It discusses fiscal policy of the country which is expected to improve in 2013. It further presents various graphs depicting the inflation indicators and...

  • Economic Policy: Monetary Policy and Outlook.  // China Country Monitor;Feb2012, p12 

    The article presents an outlook on the monetary policies in China. It expects that the government will loosen its tight credit condition to address the simultaneous external and domestic demand weakness. It notes the goal of the government to maintain high economic growth by creating jobs,...

  • EVIDENCIA SOBRE EL CICLO POLÍTICO-ECONÓMICO EN LA REPÚBLICA DOMINICANA. Vásquez-Ruíz, Harold A.; Cueto, Rafael Rivas; Hernández, Raymer Díaz // Ciencia y Sociedad;2013, Vol. 38 Issue 2, p293 

    Using quarterly data for the period 1991-2012, we estimate time series models to study the behavior of fiscal, monetary and real variables in the pre-and post-election periods. Our results indicate that the average growth rate of government spending increase significantly in the pre-electoral...

  • Country Intelligence: Report: Jordan.  // Jordan Country Monitor;Jun2013, p1 

    An overview on the economic condition and activity in Jordan as of May 30, 2013 is presented. The outlook and developments for several economic growth indicators are offered including consumer demand and capital investment. The forecasts and updates for inflation, labor market, and exchange rate...

  • Country Intelligence: Report: Australia.  // Australia Country Monitor;May2013, p1 

    The report presents the economic condition of Australia as of 2013. An overview of the country's domestic assumptions, economic growth, economic developments, labor market, inflation, exchange rates, and external sector is offered. Updates on its economic condition are provided, along with its...

  • What do sticky and flexible prices tell us? Millard, Stephen; O'Grady, Tom // Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p248 

    The article discusses the results of inflation persistence arise. It mentions that inflation persistence may occur because the prices of different components of the consumer prices index (CPI) change at different speeds. It further suggests that calculations of flexible price inflation could be...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics