Alan S. Blinder
Abstract
What are the true lessons from the inflation of the 1970s? Alan Blinder, former vice chairman of the Federal Reserve, thinks we have learned the right lessons. Inflation is under far better control, he argues, and he thinks the Fed under the new chairman will do fine. But he is concerned that wages are not rising.
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What are the true lessons from the inflation of the 1970s? Alan Blinder, former vice chairman of the Federal Reserve, thinks we have learned the right lessons. Inflation is under far better control, he argues, and he thinks the Fed under the new chairman will do fine. But he is concerned that wages are not rising.
Key concepts: Inflation (cosmology), Keynesian economics, Economics, Physics, Theoretical physics