Exact(20)
It would reject banker terrorism about monetary inflation.
During his short and nominal reign, the monetary inflation of the 3rd century reached its peak.
The snag is that the familiar problems of monetary inflation apply to job-title inflation as well.
In the long run, threat inflation — the exaggerations that encourage paralyzing fear — may be far more harmful than monetary inflation.
But we are not talking about any of these things, and we won't start, until we take seriously the possibility that "monetary" inflation isn't a threat.
William Rees-Mogg, a former editor of the Times of London, argued that "Keynes' rejection of moral rules led him to reject the gold standard, which provided an automatic control of monetary inflation," Skidelsky recounted.
Similar(40)
Unlike monetary targets, inflation is a final rather than intermediate goal.
Thanks to sound monetary policies, inflation worldwide had stayed low in recent years.
Because many contracts are "sticky" (that is, not easily revised) in monetary terms, inflation and deflation would both inflict damage on the economy.
First, macroeconomic policy must widen its focus away from narrow monetary or inflation targets and the appeasement of international capital markets.
If Asia moved towards monetary union, inflation rates would drop and so would real interest rates – this is what happened in Euroland with monetary union.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com