An Ebbing Tide Lowers All Boats: Monetary Policy, Inflation, and Social Justice
论证了试图通过扩张性货币政策减轻低收入者失业负担的做法，如果最终导致长期通胀率上升，反而可能伤害其本应服务的群体。
An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary policy may hurt the clientele it is supposed to serve if, ultimately, the policy leads to higher long-run rates of inflation.