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  • The logic of no inflation until full-employment

    Okay, I have been thinking this one through and I want all yous guys' thoughts. So the argument goes that until full employment is reached, newly printed money will not cause price inflation as new goods would be produced. Say, 100 people lay around not doing anything, then the government runs off...
    Posted to Economics Questions (Forum) by Creighton on Fri, Jun 29 2012
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