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Randall Wray challenges the prevailing economic theory that views full employment and price stability as conflicting objectives. He proposes a policy framework designed to achieve genuine full employment while enhancing price stability beyond the levels seen in the 1990s. Wray's insights offer a fresh perspective on economic policy, suggesting that these goals can coexist harmoniously rather than being at odds with one another.
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Understanding Modern Money, L. Randall Wray
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- 2006
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