But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
John W. SnowAbout author
- Author's profession: Economist
- Nationality: american
- Born: August 2, 1939
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I'm glad I never had any children,' said Cousin Sarah. 'If they don't break your heart in one way they do it in another.'
'Isn't it better to have your heart broken than to have it wither up?' queried Valancy. 'Before it could be broken it must have felt something splendid. That would be worth the pain.
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This concern with the basic condition of freedom -- the absence of physical constraint -- is unquestionably necessary, but is not all that is necessary. It is perfectly possible for a man to be out of prison and yet not free -- to be under no physical constraint and yet to be a psychological captive, compelled to think, feel and act as the representatives of the national State, or of some private interest within the nation, want him to think, feel and act.
Aldous Huxley