The term "Demand Destruction" strikes me as a bit absurd. For example, let's say Bob & Joe are going to make a simple trade. Bob produces apples and Joe gives haircuts. The terms of the trade are 10 apples for 1 haircut. Bob's supply of 10 apples are also his demand . Without the...
What if the Fed set a goal for themselves to contain inflation at 3%? Let's assume (and this is a huge assumption) that government can control its spending to the point where 3% inflation is maintained. Is this the ticket to success? Well let's see: Artificial booms would still exist. Businessmen...