Health care in the United States is caught in a self-reinforcing cycle of escalating costs, unaffordable care, rising numbers of uninsured, and greater reliance on late and intensive care, which in turn propels the inflationary spiral
Central banks' highest priority should be to maintain their credibility as guardians of price stability, and only then turn their attention to keeping the economy near full employment, which they should do by influencing asset prices -- upward when unemployment threatens to rise, and downward when an inflationary spiral
Central bankers have long recognized that it is imprudent to lower interest rates in pursuit of full employment if the consequence is an inflationary spiral
Chandler's concluding chapters deal with the financial crisis of the 1970s, the inflationary spiral
of the 1980s, and the recession and slow recovery of the 1990s.
As for stimulus funds, while the treasurer acknowledges that the influx can plug gaps in the short term, he worries that the new dollars could well trigger an inflationary spiral
a year or more down the road that would remind many of the stagflation of the 1970s.
Second, we could, by pumping so many dollars into the economy, be setting the stage for a massive inflationary spiral
Because if the credibility of policy is at stake over a perceived inability to avert deflation today, this will be as nothing compared with the spike in interest rates which will become necessary to restore credibility and contain the inflationary spiral
which looms in front of us by 2011.
AaAaAaAaAaAaAa Central banks' highest priority should be to maintain their credibility as guardians of price stability, and only then turn their attention to keeping the economy near full employment, which they should do by influencing asset prices -- upward when unemployment threatens to rise, and downward when an inflationary spiral
While the coming inflationary spiral
will have a direct impact on commodity prices, other forces are at work that will add to the dilemma.
Nonetheless, the Bank Al Maghrib has stood strongly by its decision as part of its inflation-watching brief, without which increase, an inflationary spiral
could emerge, undermining long-term growth prospects, according to the bank's council.
Alistair Darling issued a call for pay restraint when he addressed the TUC Conference, warning above-inflation rises risked sparking a damaging inflationary spiral
Although the first quarter was challenging in respect of the deterioration of the GCC stock markets' performance, a nascent inflationary spiral
that is impacting the overall cost structure for the industry in the region and increased overall competition.