Skip to main content

October 1980

Posted 1980-10-01

The Lag From Money to Prices

by Keith M. Carlson

Economist generally agree that money affects prices with a lag. Research conducted at the Federal Reserve Bank of St. Louis suggests that a change in the growth rate of money is fully reflected in the inflation rate in about five years. 

Posted 1980-10-01

Our "Shrinking" Farmland: Mirage or Potential Crisis?

by Clifton B. Luttrell

Each year, more American farmland is being converted to nonfarm uses such as highways, houses, airports, and shopping centers. This development has engendered fear that the decline in farmland will eventually produce a severe crisis for U.S. food production.