Christopher Mayer
Christopher Mayer Articles
A popular view advocates that the Fed should manage the economy so as to keep inflation in check, while also being on guard against deflation. In this view, prices must not rise too much or fall too much, but rather stay within some happy...
Deflation is popularly defined as a general fall in prices; it is the opposite of what most people generally think of as inflation. It is most commonly associated with the Depression and with the recent economic woes in Japan.
Perhaps as...
"Of all men's miseries the bitterest is this: to know so much and to have control over nothing." -- Herodotus
