Articles
-
We need more inflation
Unfortunately, it looks like we’ll be stuck in a low-growth, high-unemployment economy for many more years, but there is a way out of our troubles if only we’d be willing to buck 35 years of conventional wisdom that’s taught us that inflation is always and everywhere bad for the economy.
The truth is, right now the U.S. economy needs a little more inflation, not less. It’s sacrilege, I know, but our slavish devotion to low-inflation policies is keeping us mired in a depression.
Many — but not all — of our policy makers know this, but they are afraid to act, fearing a political backlash. They are right to worry, because the nation is in thrall to reactionary forces that threaten to extend our economic misery.
Already, politicians have demanded that the Federal Reserve cease and desist from any recovery efforts, arguing that inflation might explode out of control. Never mind that the dire and immediate emergency is unemployment.
Read full article
-
Authorized Person for MEX NEPAL
Mob: +977 9856030634 -
Biratnagar Branch Manager
Mob: +977 9852033934 -
Our Clearing Member
-
Our Banking Partners
-
-
-
