It has been quite obvious for several years already that the attempts to achieve the aim of price stability are running into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming increasingly clear at the same time that the authorities...

The principal means by which individuals and families achieve economic self-sufficiency is through labor market earnings. As a consequence, it is natural for policy makers to look to interventions that increase the ability of individuals and families to achieve an adequate standard of living...