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Wage control would, he believed, guarantee "expansion without inflation".
"There's never been a war fought without inflation.
After all, we had much fuller employment just seven years ago, without inflation.
Continued growth without inflation, he said, proves that "our fiscal policies have been just right".
The German newspaper Bild joked that Italy without inflation was like spaghetti without tomato sauce.
He believed that globalisation and rapid technological change allowed faster growth without inflation.
There is more money for profits and wages without raising prices, and the economy grows larger without inflation.
Economists have been puzzling about how the recovery has been able to surge for so long without inflation.
So even without inflation it's not surprising that a government would spend (and tax) more now than it did then.
Without inflation, the effects of these ripples in space-time would be too minuscule for today's technology to spot.
The underlying assumption was that technological innovations had produced a new economy that could boom without inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com