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An Analysis of the Carter Anti-Inflation Program
Publication Date: October 1978
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Eugene J. McAllister
Topic: Economics (Economic policy, planning, and development)
Keywords: Economy
Type: Report
Abstract:
Inflation is, above all else, a monetary phenomenon. Continually rising prices are caused by excessive increases in the money supply, whether inspired by expansive or accommodative Federal Reserve policy. The cure, therefore, lies in following a restrictive monetary policy.