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Price Controls and Inflation

In: Full Employment without Inflation

Author

Listed:
  • Tim Hazledine

Abstract

The worst thing about inflation may be that powerful people believe it to be so bad. Prime ministers and central bankers are willing to subject the economy to the miseries of deep recession in order to slice a few points off the consumer price index. Prosperous economists sit around large conference tables and announce that ‘we’ — meaning the rest of us — will have to ‘tighten our belts’ (ie face bankruptcy or the dole queue) in order to exorcise the inflationary demon.

Suggested Citation

  • Tim Hazledine, 1984. "Price Controls and Inflation," Palgrave Macmillan Books, in: Full Employment without Inflation, chapter 13, pages 105-114, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17697-7_13
    DOI: 10.1007/978-1-349-17697-7_13
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