I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.
Sentiment: NEGATIVE
Well, I think the global economy is in the position for continuing good growth with inflation well in check.
People have been convinced that growth for growth's sake is a good thing.
We are not out to boast that there is so much percentage of growth per year. Our real concern is how it affects the lives of people, the future of our country.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
Production is the only answer to inflation.
When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
Growth is a stupid goal. So, by the way, is no-growth.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
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