THE ECONOMIC ASPECTS OF INFLATION

Authors

Leonard L. Watkins, University of Michigan

Abstract

In every large industrial country there is a considerable group that urges inflation as a path to national prosperity. They have made least impression on monetary policies in countries that experienced severe inflation during the war and post-war years. But in the United States, where war-time inflation was relatively moderate and where losses in the recent depression have been especially severe, inflationary measures have been adopted and agitation persists for the adoption of still more radical policies.

Recommended Citation

Leonard L. Watkins, THE ECONOMIC ASPECTS OF INFLATION, 33 Mich. L. Rev. 153 (1934).
Available at: https://repository.law.umich.edu/mlr/vol33/iss2/2