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Inflation targeting the latest fad among central bankers aims to curb inflationary expectations by implementing a consistent and credible anti-inflationary as well as anti-deflationary policy administered by a trusted and impartial institution, the central bank. The Benefits of Oligopolies By: Dr. Sam Vaknin
Inflation acts as a tax and is fiscally corrective but without the recessionary and deflationary effects of a "real" tax. The outcomes of inflation, ironically, resemble the economic recipe of the "Washington consensus" propagated by the likes of the rabidly anti-inflationary IMF. As a long term policy, inflation is unsustainable and would lead to cataclysmic effects.
Redemptions of savings bonds also have been running high in recent months and are expected to remain large for some time. The issuance of savings bonds will be continued. These bonds represent a convenient method of investment for small savers, and also an anti-inflationary method of refinancing.
I trust that within the shortest possible time the Congress will make available to the Government the weapons that are so desperately needed in the fight against inflation. One of the most powerful anti-inflationary factors in our economy today is the excess of Government revenues over expenditures. Government expenditures have been and must continue to be held at the lowest safe levels.
I trust that within the shortest possible time the Congress will make available to the Government the weapons that are so desperately needed in the fight against inflation. One of the most powerful anti-inflationary factors in our economy today is the excess of Government revenues over expenditures. Government expenditures have been and must continue to be held at the lowest safe levels.
Redemptions of savings bonds also have been running high in recent months and are expected to remain large for some time. The issuance of savings bonds will be continued. These bonds represent a convenient method of investment for small savers, and also an anti-inflationary method of refinancing.
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