họ đều là những kẻ cả nhà hàng của tôi, tôi rất hài lòng về nó. "Ông không thấy bất kỳ lý do để cảm thấy nếu không,. Tình hình là thế này: những người mà tiền được chuyển tới đầu tiên có thu nhập cao hơn, và họ vẫn có thể mua nhiều mặt hàng và dịch vụ với giá tương ứng với | 72 ECONOMIC POLICY Because a certain group of people believes that full employment can be attained only by inflation inflation is accepted in the United States. But people are discussing the question Should we have a sound currency with unemployment or inflation with full employment This is in fact a very vicious analysis. To deal with this problem we must raise the question How can one improve the condition of the workers and of all other groups of the population The answer is by maintaining an unhampered labor market and thus achieving full employment. Our dilemma is shall the market determine wage rates or shall they be determined by union pressure and compulsion The dilemma is not shall we have inflation or unemployment This mistaken analysis of the problem is argued in England in European industrial countries and even in the United States. And some people say Now look even the United States is inflating. Why should we not do it also. To these people one should answer first of all One of the privileges of a rich man is that he can afford to be foolish much longer than a poor man. And this is the situation of the United States. The financial policy of the United States is very bad and is getting worse. Perhaps the United States can afford to be foolish a bit longer than some other countries. The most important thing to remember is that inflation is not an act of God inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy a deliberate policy of people who resort to inflation because they consider it to be a lesser evil than unemployment. But the fact is that in the not very long run inflation does not cure unemployment. Inflation is a policy. And a policy can be changed. Inflation 73 Therefore there is no reason to give in to inflation. If one regards inflation as an evil then one has to stop inflating. One has to balance the budget of the government. Of course public opinion must support this the .
