Unemployment Hurts More Than Inflation: David G. Blanchflower

Oh, for a little inflation!

I don’t mean barrow loads full as in Germany in the 1930s or recently in Zimbabwe, but 4 or 5 percent a year for a few years would work just fine and would really help us to get out of this mess. It is doubts over the variation in price changes that create difficulties rather than the level, at least up to a point.