But by the mid-20073s the inflationary spiral seemed to have been broken.
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The risks the Fed has to manage are no longer just the 1970s-variety inflationary spiral.
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But the party must also steer clear of Trump's failures: He left behind a vicious inflationary spiral.
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The more there are, the more growth the economy can sustain without stumbling into an inflationary spiral.
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These price increases may trigger a new inflationary spiral, causing the Federal Reserve to raise interest rates faster.
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The offshoring of production and other services, in effect, throttled domestic inflation and prevented a runaway inflationary spiral.
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English soccer is locked in an inflationary spiral in more ways than one; two, it seems, is no longer enough.
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As prices went up, wages would need to follow, which would make prices go even higher in an upward inflationary spiral.
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A trade war could increase prices on a myriad of consumer goods and services and lead us into an inflationary spiral.
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Hyper-growth would exacerbate that problem, setting off an inflationary spiral that forces the Fed to slam the brakes on the economy.
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He also must know that a rapidly depreciating currency risks putting the country again in the grips of yet another debilitating inflationary spiral.
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This system progressively got built one action at a time, the perversion of one incentive at a time ... in this endless inflationary spiral.
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But inflation in one country behind protective trade barriers doesn't work either, as was demonstrated during the inflationary spiral of the late 1960s and 1970s.
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Indeed, the job guarantee is in part a way to keep wages down, or at least keep them from continually rising, to prevent an inflationary spiral.
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The wage data does not show an inflationary spiral underway, and the detailed demographic look at the unemployment data suggests there isn't one around the corner.
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And it's pretty sanguine: While there are interesting differences between giving out cash and giving out food, what definitely doesn't happen is a cash-provoked inflationary spiral.
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The Fed does not want to wait around for that process to get too far, because it can become extremely difficult to slow down the inflationary spiral later.
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In a Friday prayer's sermon in Tehran, senior cleric Ayatollah Mohammad Emami Kashani said authorities should set tougher price controls to prevent an inflationary spiral after the gasoline price increases.
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The best time to make deficit reduction a priority is when the inflation rate and the bond market give you some indication that you are headed for a dangerous inflationary spiral.
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It's one that has jettisoned free-market mechanisms, and one that has enabled a hyper-inflationary spiral unmatched by every other market in the U.S.— including healthcare, housing and other inflationary sectors.
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The European Central Bank president, Mario Draghi, or his Bank of Japan counterpart, Haruhiko Kuroda, would dearly love wage demands to start the sort of inflationary spiral that their predecessors once feared.
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Trump and his experts should know that the removal of bankruptcy and other protections has fueled a hyper-inflationary spiral and created a lending system that is not constrained by standard risk metrics.
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The only reason to do so would be for fear that tightening gradually in the face of rising inflation would not prevent the emergence of an inflationary spiral between wages and prices, pushed ahead by rising inflation expectations.
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"I hope readers see the roots, that everything that existed then - from banks and the inflationary spiral to the burning of libraries - exists today,"he said in an interview with the New York Times Book Review in 1983.
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Bankruptcy rights, statutes of limitations, and other core consumer protections remain as absent as ever, however, and this is feeding the inflationary spiral in the price of college, and wrecking the lives of tens of millions of citizens.
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Investing experts are conflicted over whether the current economy is just getting revved up, on its way to another 503-style slowdown, or ready to tumble into a late-1970's-style inflationary spiral that will precede a much sharper downturn.
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What has fueled this hyper-inflationary spiral and its consequences is a lending system that is not constrained by standard free-market protections like bankruptcy rights, statutes of limitations, and other bedrock protections that exist for every other type of loan.
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That deal has prompted sports marketing experts to warn of an inflationary spiral as other clubs push for more, with Spain's Real Madrid reported to be seeking to force Adidas to top the Manchester United deal when it comes up for extension.
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In the 2000s, it was the arrival of Abramovich that transformed the landscape once again, kickstarting an inflationary spiral in the transfer market, laying down the blueprint for dozens of international owners hoping to use soccer for personal glory or political capital.
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A potential fourth increase would be motivated by rising concerns about an overheating economy, with such low unemployment that it sets off an inflationary spiral as companies lift wages to compete for scarce workers and increase prices to pay for those higher salaries.
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If the "missing" workers are really having so much fun playing video games that they refuse to work or are otherwise unhireable, then employment costs would be rising sharply and the Federal Reserve would have no choice but to tap the brakes to stop an inflationary spiral.
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Modern conservatism was forged in the crucible of the 1970s inflation crisis, and in the aftermath of the 2008 financial crash many conservatives were convinced that there was nothing the Federal Reserve could do about the vast army of the unemployed without touching off a similar inflationary spiral.
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The division of labor was specifically designed to unlink wages from prices. If prices rose automatically with wages, the inflationary spiral would continue unabated. Placing the onus solely on workers to keep wages low risked the wrath of labor, a lesson the administration had learned from the WWII experience. Delinking wages and prices leveled the playing field.
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The Office of Price Stabilization (OPS) was given the power to regulate prices, and the Wage Stabilization Board (WSB) oversaw the creation of wage stabilization rules. The division of labor was specifically designed to unlink wages from prices. If prices rose automatically with wages, the inflationary spiral would continue unabated. Placing the onus solely on workers to keep wages low risked the wrath of labor, a lesson that the administration had learned from the World War II experience.
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This brought the US gold reserves to their lowest level since 1938. The United States, under President Richard Nixon, reacted strongly to end an inflationary spiral, and unilaterally, without consultation with international leaders, abolished the direct convertibility of the United States dollar into gold in a series of measures known as the Nixon Shock. The events of 1971 ignited the onset of a gold bull market culminating in a price peak of US$850 in January 1980.
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Taylor's interest rate equation has come to be known as the Taylor rule, and it is now widely accepted as an effective formula for monetary decision making. A key stipulation of the Taylor rule, sometimes called the Taylor principle, is that the nominal interest rate should increase by more than one percentage point for each one-percent rise in inflation. Some empirical estimates indicate that many central banks today act approximately as the Taylor rule prescribes, but violated the Taylor principle during the inflationary spiral of the 1970s. Pdf.
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This helped prevent an inflationary spiral and restored the island's international competitiveness thereby leading to a period of long term economic growth of 2.7% between 1993 and 2000. As one of the founding members, Barbados joined the World Trade Organization on 1 January 1995. Following the membership in the World Trade Organization (WTO), the Government of Barbados aggressively tried to make the Barbados economy fully WTO compliant. This led to collapse of much of the manufacturing industry of Barbados during the late 1990s in favour of many companies like Intel and others moving to lower cost Asian economies.
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A panicked public began hoarding and the administration accelerated its rearmament plans, and the economy went into an upward inflationary spiral. By December, public support for the war had fallen significantly, and Truman and his intelligence experts expected World War III to break out by spring. Confronted with the failure of the NSRB and a mobilization effort that was faltering and unable to meet the needs of accelerated production plans, Truman declared a national emergency on December 16, 1950. The declaration of an emergency was, in part, motivated by the McCarthyite attacks on the administration and Truman's desire to appear strong in the prosecution of the war.
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Chiang Ching-kuo in 1948 Chiang Ching-kuo (left) with father Chiang Kai-shek in 1948. After the Second Sino-Japanese War and during the Chinese Civil War, Chiang Ching-kuo briefly served as a liaison administrator in Shanghai, trying to eradicate the corruption and hyperinflation that plagued the city. He was determined to do this because of the fears arising from the Nationalists' increasing lack of popularity during the Civil War. Given the task of arresting dishonest businessmen who hoarded supplies for profit during the inflationary spiral, he attempted to assuage the business community by explaining that his team would only go after big war profiteers.
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Nigel Lawson The Lawson Boom was the macroeconomic conditions prevailing in the United Kingdom at the end of the 1980s, which became associated with the policies of Margaret Thatcher's Chancellor of the Exchequer, Nigel Lawson. The term Lawson Boom was used by analogy with the phrase "The Barber Boom", an earlier period of rapid expansion under the tenure as chancellor of Anthony Barber in the Conservative government of Edward Heath. Critics of Lawson assert that a combination of the abandonment of monetarism, the adoption of a de facto exchange-rate target of 3 deutschmarks to the pound, and excessive fiscal laxity (in particular the 1988 budget) unleashed an inflationary spiral. The economic boom saw strong economic growth during the second half of the 1980s, sparking a sharp fall in unemployment, which was still in excess of 3 million at the end of 1986, but had fallen to 1.6 million (the lowest for some 10 years) by the end of 1989.
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Governments at the time would use the Phillips curve as part of their models to calculate the expected cost in terms of inflation for a stimulus designed to restore full employment. In 1968 Milton Friedman published a paper arguing that the fixed relationship implied by the Philips curve did not exist, and that it would be possible to have both inflation and unemployment rise at once. Friedman had earlier made similar arguments verbally in his 1967 speech to the American Economic Association, where he had also first proposed his theory of the Natural rate of unemployment Friedman had also argued that workers' expectations of future high inflation could lead to an inflationary spiral as they would push for increased wages in advance to try to compensate for expected future inflation. Friedman's work began to gain increasing acceptance among academics after 1973, when stagflation - the simultaneous increase in both inflation and unemployment - became prominent, just as he had predicted.
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