News

Loading...

Wednesday, April 27, 2005

That Darned Growth!

Economist Roger Koppl sent me the following:

"Today's L.A. Times has a story on inflation, which includes the following gem:

"'Analysts generally agree that the Fed must try to keep inflation from getting out of hand. Created in the early 20th century to regulate the nation's money supply, the Fed combats inflation by keeping the economy from overheating. The theory is that if it grows too quickly, prices begin to skyrocket and inflation ends up pushing down consumers' standards of living.'

"Apparently, excess economic growth is one of leading causes of reduced standards of living."

1 comment:

  1. Anonymous3:41 AM

    The article is so wonderful that I want to write something about myself.
    I am so happy to get some latale online gold and the latale gold is given by my close friend who tells me that the latale money is the basis to enter into the game. Therefore, I should buy latale online gold with the spare money and I have gained some cheap latale gold from other players.

    ReplyDelete