Professor Mark J. Perry's Blog for Economics and Finance
Posted 7:18 AM Post Link
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isn't it funny that we as a society feel that fertile economic ground is only available when the inflationary beast is kept down. i am sure that there are many who wish inflation would be kept in check at the lowest possible point. somewhere around zero seems great to everyone. fears of inflation can cripple a nation. but inflation is a natural process in the market, true rampid inflation is no good, but what is the correct rate that inflation should be kept at? that is the question. also the cause of the inflation drop can lead to undesired consequences. excess capacity and lower demand than global output can lead to some undesired consequences, maybe. so don't be so happy with non-rising prices, more pofits keep everythin going.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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