The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure. ↗
I will begin with this confession: whatever I have done in the course of my life, whether it be good or evil, has been done freely; I am a free agent. ↗
The Covenant of the League of Nations had envisaged sponsoring only the protection of certain categories of men: national minorities and populations of territories controlled by other countries. ↗