Calvin Coolidge (U.S. president in the 1920s) once said that inflation is repudiation. What might he have

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Calvin Coolidge (U.S. president in the 1920s) once said that “inflation is repudiation.” What might he have meant by this? Do you agree? Why or why not? Does it matter whether the inflation is expected or unexpected?

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:34 AM

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Calvin Coolidge (U.S. president in the 1920s) once said that inflation is repudiation. What might he have

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One way to understand Coolidges statement is to think of a government that is ...View the full answer

Macroeconomics

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