Quotation of the Day…

23 Oct 2026 Leave a comment

by Jim Rose in business cycles, history of economic thought, macroeconomics, monetarism, monetary economics

Tweet… is from page 129 of my late, great teacher Fritz Machlup’s May 1960 Review of Economics and Statistics paper, “Another View of Cost-Push and Demand-Pull Inflation“: It is clear that an inflation of effective demand is a necessary condition not only for a demand-pull inflation of consumer prices but also for a cost-push inflation.…

Quotation of the Day…

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