There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better. (Ha-Joon Chang)

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

Ha-Joon Chang

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acknowledging arguing big destructive inflation jump lower nature rate hyperinflation

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It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

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