Ending the Worldwide Inflation

Reading the program of this conference, I was struck by two facts. We have represented here monetarist, fiscalist, international, European, and Phillips'-curve views, plus some other views,and even overviews. I am grateful to have been spared the oil-energy view, the beef shortage view and other examples that I lump together as the worm's-eye view, or perhaps views, of inflation. The first fact to note is that neither economic theory nor evidence sustain anything like the number of separate and independent views of inflation represented on the program«