According to the article, policymakers are going to try to slow down the economy and subdue inflation. Do you believe this to be good policy? Why or why not?
What is stagflation?
The article also says inflation is thought to be something of a self-fulfilling prophecy. What did the author mean by that?
What Fed policy was enacted under the direction of Fed Chair Paul Volker? Do you think such a policy is called for today?
