We seek to get full employment, stable prices, and rapid productivity growth. At one level, Major and Lamont are saying that stable prices is the principal objective--the one that is more equal than the others. At another level, Major and Lamont may be following the doctrine tha t if you talk *really* *tough* on inflation you can get faster productivity growth and lower unemployment than if you don't talk *really* *tough* on inflation.(posted 8766 days ago)Brad DeLong