William F. Buckley Jr: Inflation Policy
on Saturday, November 19, 2022Meaning of William F. Buckley Jr. Money Quote: saying monetary policy solutions to inflation seems to exacerbate financial problems. William F. Buckley Jr. said:
“The inflation that comes inevitably with government pump-priming soon catches up with the laborer, wipes away any real increase in his wages, discourages private investment, and sets off a new deflationary spiral which can in turn only be counteracted by more coercive and paternalistic government policies” — William F. Buckley Jr.
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