Question

What did Gary G Johnson mention about inflation and underdeveloped economies?

Answer 1

According to Harry G Johnson, believe that it is always better to have some degree of inflation but it should be only a moderate one and only a moderate amount of inflation would help in the efficient economic mobilization in a logical man of the whole in the path from that it would also help through redistribution of income. Believe that inflation gets to break the characteristic of rigidity send in mobilities especially in the underdeveloped countries on the whole.