The complete version of the Thomas Sargent quote that began this chapter is Persistent high inflation is

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The complete version of the Thomas Sargent quote that began this chapter is “Persistent high inflation is always and everywhere a fiscal phenomenon.” Why did Sargent include the modifiers “persistent high”?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:29 AM

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The complete version of the Thomas Sargent quote that began this chapter is Persistent high inflation is

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Sargent has noticed that the government budget constrain...View the full answer

Macroeconomics

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