chapter  8
18 Pages

Unemployment Develops because Money doesn't Grow on Trees

A war of words is usually preferable to a real war because it inflicts less suffering on society. In economics, however, controversy generated by confusion and the misuse of language can often produce policies that inflict terrible - and needless - cruelties on many unfortunate members of society. Nowhere is this more obvious than when the subjects are money, unemployment, and inflation.