=+ 8. Economist Alan Blinder, a previous vice chairman of the Federal Reserve, once wrote the following:
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=+ 8. Economist Alan Blinder, a previous vice chairman of the Federal Reserve, once wrote the following:
The costs that attend the low and moderate infl ation rates experienced in the United States and in other industrial countries appear to be quite modest—more like a bad cold than a cancer on society. . . . As rational individuals, we do not volunteer for a lobotomy
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