Solving the Economic Mess

I have emerged from my recent studies with a strategy of schemes and stratagems for our national economy, and I feel it no small duty to lay these before my distinguished audience. I put the ideas down in no particular order. This is for the sake of spontaneity, inspiration.

Breaking with the Outmoded Past. All economics textbooks of a generation ago denied the possibility of a nation’s experiencing inflation and recession at one and the same time. “You can have recession,” these texts primly propounded, “or you can have inflation, but you can’t have them both together. We won’t let you.”

SV

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S. L. Varnado

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I have emerged from my recent studies with a strategy of schemes and stratagems for our national economy, and I feel it no small duty to lay these before my distinguished audience. I put the ideas down in no particular order. This is for the sake of spontaneity, inspiration.

Breaking with the Outmoded Past. All economics textbooks of a generation ago denied the possibility of a nation’s experiencing inflation and recession at one and the same time. “You can have recession,” these texts primly propounded, “or you can have inflation, but you can’t have them both together. We won’t let you.”