The vision for the next phase was set out in the “Vision Document” on Payment and Settlement Systems for the year 2009–2012. The document clearly identifies the new frontiers and a road map for implementation of new projects.
In his 1977 Nobel Prize address, Friedman laid out the modern argument--that, because it harms the efficient operation of markets, high inflation is more likely to raise unemployment than to lower it--and he used the experience of the 1970s to illustrate his point.