Why No Inflation?

Why No Inflation?

Alicia 13.
Munnell, in New England Economic Renieu' (~ug.1985), Research Department, ~u~Aica-
Social Secu1-7ty.. tions Section, Federal Reserve Bank of Boston, 600 Atlantic Ave., Boston, Mass. 02106.
Since 1980, some Reagan administration officials and some congressmen have suggested taking a New Look at America's social security system. To help reduce the annual federal deficit (now $211.9 billion), they have advocated cutting benefits and clipping into the system's trust funds.
But Miinnell,...

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