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October 1982

Is It Time To Give Up the Fight Against Inflation?

by Lawrence Roos

​The author discusses the solution to worry about inflation is to make anti-inflation policies credible to a disbelieving public. He suggests several things that would contribute to this effort. First, our current monetary policy’ stance must be maintained; there must be no, even temporary, reinflation “relapse.” Second, federal deficits must be reduced significantly. Finally, the American public must be prepared to resist pressures for policymakers to revert to reinflation in order to alleviate the temporary pain of the process of disinflation.