Inflation and growth

Seth Ackerman SAckerman at FAIR.org
Fri Jan 28 12:10:10 PST 2000


Doug Henwood wrote:


> I think that even World Bank economists concede that inflation
> doesn't become a serious problem until it gets over 10%. What they
> don't say is that an economy experiencing >10% inflation is generally
> one suffering from serious problems - e.g. political crisis,
> structural decline, unresolved class conflict - of which the
> inflation is more a symptom than a cause.
>

Stiglitz has vacillated on this question. On some occasions, he has put the figure at 40%.

Seth



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