'It provides the best complete discussion I know of the economics
of repressed inflation' F.W. Paish. The Economics of Repressed
Inflation is a micro-economic analysis of the effects of a
partially controlled inflation in a peacetime economy. This
analysis suggests that the combination of inflationary pressures
and the control of consumption has economic effects on the price
level and on the distribution of resources which may be as serious
for the economy as the more widely recognized effects of an
uncontrolled inflation.
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