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Skepticism about the Direction of Inflation: Causes, Costs, and Cures

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Bumper stickers sometimes convey important ideas. In the 1980s, a familiar one on America's highways read "VISUALIZE WORLD PEACE." The underlying idea was that visualizing helps people behave in ways that tend to bring the vision to reality.

Bumper stickers sometimes convey important ideas. In the 1980s, a familiar one on America's highways read "VISUALIZE WORLD PEACE." The underlying idea was that visualizing helps people behave in ways that tend to bring the vision to reality.


Suggested citation: Jordan, Jerry L., 1992. "Skepticism about the Direction of Inflation: Causes, Costs, and Cures," Federal Reserve Bank of Cleveland, Economic Commentary, 12.01.1992.

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