Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of...

Includes bibliographical references (p. 17).

During the question and answer session, Peter Drucker addresses the following: the aftermath of German inflation, age structure and savings rate, and placing people where their strengths can produce results. Irving Friedman adds that we have very little information and knowledge for making...