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I’d like to apply for this job does clindamycin treat sexually transmitted diseases I wish to advance four propositions about monetary policy and to discuss their implications. First, an optimal tax theory has little or nothing to do with sensible inflation policy. Second, positive rates of inflation are almost certainly desirable. Third, to an important extent, institutions do the work of rules, and monetary rules should be avoided; instead,i nstitutions should be drafted to solve time-inconsistency problems. Fourth, H. J. Res. 409, the proposed zero-inflation amendment, is a good idea if it is not taken too seriously or too literally, but is instead viewed as a device for strengthening the independence of the Federal Reserve System.

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