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info:the_great_inflation_and_aftermath [2008/11/17 08:00] – created tomgeeinfo:the_great_inflation_and_aftermath [2008/11/17 08:00] (current) – tomgee
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- Nov. 7 (Bloomberg) -- Before Barack Obama takes the oath, he should read ``The Great Inflation and Its Aftermath,'' Robert J. Samuelson's timely history of how good political intentions stoked an inflationary hell in the 1970s -- and how only bold, painful action smothered the flames.+ Nov. 7 (Bloomberg) -- Before Barack Obama takes the oath, he should read ``The Great Inflation and Its Aftermath,'' Robert J. Samuelson's timely history of how good political intentions stoked an inflationary hell in the 1970s -- and how only bold, painful action smothered the flames.\\
  
 The Great Inflation refers to the period when U.S. inflation rose from negligible levels in the mid-1960s to double digits in the early 1980s. Though the episode scarred a generation, our memory of the fire has faded, says Samuelson, an award-winning columnist for Newsweek and the Washington Post. So let's remember what a scourge inflation was. The Great Inflation refers to the period when U.S. inflation rose from negligible levels in the mid-1960s to double digits in the early 1980s. Though the episode scarred a generation, our memory of the fire has faded, says Samuelson, an award-winning columnist for Newsweek and the Washington Post. So let's remember what a scourge inflation was.
info/the_great_inflation_and_aftermath.1226926821.txt.gz · Last modified: 2008/11/17 08:00 by tomgee