 ... that excessive creation of credit and liquidity contributes nothing to the long-run growth of our productive potential and much to costly shorter-term fluctuations. Moreover, it promotes inflation, impairing the economy's longer-term potential output....  Education and Society in the New Russia - 第 71 頁由 編輯 - 341 頁有限的預覽 - 關於此書
 | Zaki Ladi - 2007 - 270 頁
...level.18 In the words of Alan Greenspan himself, 'Our objective has never been to contain inflation as an end in itself, but rather as a precondition for the highest possible long-run growth of output and income - the ultimate goal of macroeconomic policy.'19... | |
| |
