Paul McCracken (economist) Quote

Government was never during the 1970s able to bring itself to meet the first fundamental requirement of a successful price-stabilization policy — namely, that its policies, quite simply, would not accommodate inflation.


New York Times (3 August 2012)


Government was never during the 1970s able to bring itself to meet the first fundamental requirement of a successful price-stabilization policy —...

Government was never during the 1970s able to bring itself to meet the first fundamental requirement of a successful price-stabilization policy —...

Government was never during the 1970s able to bring itself to meet the first fundamental requirement of a successful price-stabilization policy —...

Government was never during the 1970s able to bring itself to meet the first fundamental requirement of a successful price-stabilization policy —...