<html><body><p>Although most Americans apparently loathe <a href="https://quotes.tuteehub.com/tag/inflation-3850" style="font-weight:bold;" target="_blank" title="Click to read more quotes about INFLATION">INFLATION</a>, Yale economists have argued that a little inflation may be necessary to <a href="https://quotes.tuteehub.com/tag/grease-5465" style="font-weight:bold;" target="_blank" title="Click to read more quotes about GREASE">GREASE</a> the wheels of the <a href="https://quotes.tuteehub.com/tag/labor-4091" style="font-weight:bold;" target="_blank" title="Click to read more quotes about LABOR">LABOR</a> market and enable efficiency-enhancing changes in <a href="https://quotes.tuteehub.com/tag/relative-5395" style="font-weight:bold;" target="_blank" title="Click to read more quotes about RELATIVE">RELATIVE</a> pay to occur without requiring nominal <a href="https://quotes.tuteehub.com/tag/wage-6777" style="font-weight:bold;" target="_blank" title="Click to read more quotes about WAGE">WAGE</a> cuts by workers.</p></body></html>

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Although most Americans apparently loathe INFLATION, Yale economists have argued that a little inflation may be necessary to GREASE the wheels of the LABOR market and enable efficiency-enhancing changes in RELATIVE pay to occur without requiring nominal WAGE cuts by workers.

Author - Janet Yellen Subject - Finance

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Although most Americans apparently loathe INFLATION, Yale economists have argued that a little inflation may be necessary to GREASE the wheels of the LABOR market and enable efficiency-enhancing changes in RELATIVE pay to occur without requiring nominal WAGE cuts by workers.

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Although most Americans apparently loathe INFLATION, Yale economists have argued that a little inflation may be necessary to GREASE the wheels of the LABOR market and enable efficiency-enhancing changes in RELATIVE pay to occur without requiring nominal WAGE cuts by workers.

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