In different ways, Milton Friedman and I objected, arguing that such a policy would require an ever-rising inflation rate. Money wages will lag behind demand, I argued, only as long as the representative firm is deterred from raising wages by the misperception that wages at other firms are already lower than its own – a disequilibrium that cannot last.
米尔顿·弗里德曼（Milton Friedman）和我却提出了不同的反对意见，认为实行这样的政策必须得有一个持续上涨的通货膨胀率。我认为，只有防止代表性公司不会因为误认为其他公司的工资已经低于他们时提高工资，货币工资才会滞后于需求水平，但是这种不平衡维持不了太久。