That rampant inflation can be eliminated only by increasing the level of unemployment, with all the trauma so implied, has now become a commonplace, accepted but often not understood. The present accelerated inflation in the USA derives from two sources which appear to reinforce and strenghten one another. The first...
Tag - economic analysis
Unemployment in the United States rose to 5.5% in September of this year and there is every indication that it will increase further. The last time a similiar level of unemployment prevailed was in the early sixties before the escalation of the Vietnam War. However, in today's situation a new dimension has been added...