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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
Empirical evidence showed that growth rates of low income countries varied widely instead of converging to a uniform income level [171] as expected in earlier, neoclassical models. [172] Following research on the neoclassical growth model in the 1950s and 1960s, little work on economic growth occurred until 1985. [55]
Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
By June 2021, inflation was already up 5.4% on a year-over-year basis, the highest since 2008, and consumer sentiment was already falling as shoppers reacted to higher prices.
"It's the economy, stupid" is a catchphrase that means that the primary concern of American voters is the state of the U.S. economy, and how the economy affects their personal finances.
The future leader of the free world grew up in a privileged home in the state of New York and earned a degree in history at Harvard University. ... Famous FDR Quotes. ... Related: 75 Seneca Quotes ...
Hesiod active 750 to 650 BC, a Boeotian who wrote the earliest known work concerning the basic origins of economic thought, contemporary with Homer. [3] Of the 828 verses in his poem Works and Days, the first 383 centered on the fundamental economic problem of scarce resources for the pursuit of numerous and abundant human ends and desires.
They found that for moderate-inflation countries (defined as countries with average inflation rates below 12%), the direct relationship between average inflation and the growth rate of money was very tenuous at best, though the fit could be improved by correcting for variation in output growth and the opportunity cost of money.