An Analysis of the Carter Anti-Inflation Program


 

Publication Date: October 1978

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Eugene J. McAllister

Research Area: Economics

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.