ANTI-INFLATION INCENTIVES
认为通胀源于个人有提价动机,反通胀政策的关键是选择合适激励;货币政策的饥饿激励已失效,应通过市场激励如MAP或TIP计划来遏制通胀。
Inflation occurs because individuals have an incentive to raise prices. The key issue of anti-inflation policy is to choose the appropriate incentive to stop inflation. Monetary policy works through the hunger incentive and it is no longer effective because society no longer allows the hunger incentive to work. This paper argues that the appropriate incentives to stop inflation are market incentives. These market incentives can be built into society through the introduction of an incentive anti-inflation plan such as the authors’ MAP proposal or its TIP counterparts.