The Importance of Inflation

The British even introduced the four days working week to reduce energy consumption. Some of these things were actually witnessed, perceived as positive changes in a scenario where there was an economic recession. It did have an impact at least short term on economic growth that was countered normally through more state expenditures. But this is a trick issue. There's this massive debate on inflation today, which in a certain way echoes the debate of the 1970s.