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Some Issues in Monetary Economics - Review

Public policies are continuously sought which will assist in guiding the economy between the perils of inflation and the dangers of unemployment and under-production. During the last five years the perils of inflation have become increasingly apparent, and during the past year stabilization actions have been taken to reduce the rate of advance of the price level. At the present time there is growing concern that these actions may lead the economy into a recession.

research.stlouisfed.org/publications/review/1970/01/01/some-issues-in-monetary-economics

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