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Quote Martin Feldstein, Theme Unclasified

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Quote Martin Feldstein, Theme Unclasified : We pay some price when necessary to bring down...
Why has this improvement in inflation and in the business cycle occurred? I think the answer is better monetary policy, better central banking. | We do not understand the links between asset prices, monetary policy, and aggregate demand. We do not understand speculative markets adequately.
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Martin Feldstein (1939), American Economist,   Biography Martin Feldstein
Martin Feldstein
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We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.

 
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