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How to Have the Courage and the Will to Do It
i want to start with bill martin because his, his experience is a very interesting experience. His 19 years was divided into different periods. And early periods of very slow growth and slow inflation,. A later period of what at the time, was regarded as creeping inflation. Now we'd be delighted to get back to it. Nobody does disagree with the proposition that excess of growth in money supply is an essential element in the inflationary process. The real problem is not what to do, but how to have the courage and the will to do it.