For example, people would be assumed to predict inflation by looking at inflation last year and in previous years.
Since that year, no Department of the federal government has grown at or below inflation.
Yet for months, Fed officials have insisted that interest rate policy has been aimed at controlling inflation, and not the stock market.
The Fed report showed the economy growing at a slow pace and almost inflation free.
It quickly faced interest rates at 15%, and inflation at 14%.
This policy was initially fairly successful at controlling inflation, which had been reduced to 7.4% by 1978.
Since then, however, an austerity program aimed at controlling inflation has limited the ability of many Chinese companies to raise money.
Such a move, while aimed at slowing inflation, would also slow the economy.
He shouldn't even threaten to shoot at inflation until he sees the whites of its eyes.
Actually in 1990 Interest rates were at 14% and inflation at 7%, now those were some numbers to play with.