Stagflation Threat: Be Pragmatic, Not Dogmatic

SYDNEY and KUALA LUMPUR, Mar 22 (IPS) – “If your only tool is a hammer, every problem looks like a nail”. Still haunted by the clever preaching of monetarist guru Milton Friedman’s ghost, all too many monetary authorities address every inflationary threat or sign they see by raising interest rates.

Read the full story, “Stagflation Threat: Be Pragmatic, Not Dogmatic”, on globalissues.org →