Fighting Inflation: Controlling the Money Supply vs. Buffers and Tips

Greg Davidson and Paul Davidson
Additional contact information
Greg Davidson: National Aeronautics and Space Administration (NASA)

Chapter 9 in Economics for a Civilized Society, 1996, pp 152-178 from Palgrave Macmillan

Abstract: Abstract The analysis in Chapter 8 has brought us to the root of the inflation—unemployment dilemma facing a civilized market economy. Government accepts the responsibility for acting as a balance wheel to create and maintain the demand necessary to assure the full employment of all who want to work. In the rare periods of over full employment this may involve reducing total market demands. More commonly this balance wheel function involves either creating incentives for private-sector demand expan­sion or by direct government purchases of goods and services through contract-letting and/or the expansion of public enterprises such as the National Park Service, the Post Office, etc.

Keywords: Civilized Society; Gross Domestic Product; Monetary Policy; Federal Reserve; Money Supply (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37487-4_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230374874

DOI: 10.1057/9780230374874_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().