suppose that unemployment is 6% and inflation is 3%. Behind Door Number Two we have: inflation is 6% and unemployment is 3%.
shouldn't we favor Door Number Two?
On Sun, Mar 30, 2008 at 9:20 AM, ken hanly <northsunm at yahoo.com> wrote:
>
> Isn't there a problem with government attempts to
> solve the liquidity crisis and stimulate the economy.
> Aren't they liable to cause inflation especially when
> combined with high oil prices and agricultural
> production shortages that are driving up prices.
> Converting agricultural to biofuel production doesn't
> help either. Couldn't we end up with RECession and
> inFLATION?
>
> Cheers, Ken Hanly
>
> Blog: http://kenthink7.blogspot.com/index.html
> Blog: http://kencan7.blogspot.com/index.html
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