June 18, 2004

INFLATION -- The Economist wants to know .. Is it back to the 1970s?. Quotable:
It is alarming, therefore, that monetary and fiscal policies are currently so lax. In the G7 economies the average budget deficit as a share of GDP is almost as big as at any time in the past 50 years, while global monetary policy is, by some measures, at its loosest since the 1970s � when inflation last took off."
Posted by Greg Ransom | TrackBack