Word: inflationless
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...have changed the rules an awful lot. "The Internet structural change is a very big one, in the class of the railroad, the airplane, the automobile or the printing press," he says. "It should increase productivity growth and lower product prices. It could be the wild card for an inflationless prosperity." In other words, increased competitiveness among U.S. corporations with Net-connected companies around the globe could make the business world so efficient ?- with profits coming from productivity and not price increases ?- that inflation could really be dead this time...
...never put to the critical test;-namely a rapidly diminishing stock of consumer goods such as the nation faces in 1943. Today many a ceiling has cracked. No matter what official Washington may promise, the best that the U.S. can hope for and fight for is not an inflationless war but an inflation that is controlled...
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