It's a giant gap in our history. The Great Inflation, argues
award-winning columnist Robert J. Samuelson in this provocative
book, was the worst domestic policy blunder of the postwar era and
played a crucial role in transforming American politics, economy,
and everyday life-and yet its story is hardly remembered or
appreciated. In these uncertain economic times, it is more
imperative than ever that we understand what happened in the 1960s
and 1970s, lest we be doomed to repeat our mistakes.
From 1960 to 1979, inflation rose from barely more than 1 percent
to nearly 14 percent. It was the greatest peacetime inflationary
spike in this nation's history, and it had massive repercussions in
every area of our lives. The direct consequences included Ronald
Reagan's election to the presidency in 1980, stagnation in living
standards, and a growing belief-both in America and abroad-that the
great-power status of the United States was ending." The Great
Inflation and Its Aftermath" traces the origins and rise of
double-digit inflation and its fall in the brutal 1981-82
recession, engineered by the Federal Reserve under then-chairman
Paul Volcker and with the staunch backing of Reagan.
But that is only half the story. The end of high inflation
triggered economic and social changes that are still with us. The
stock market and housing booms were both direct outcomes; American
business became more productive-and also much less protective of
workers; and globalization was encouraged.
We cannot understand today's world, Samuelson contends, without
understanding the Great Inflation and its aftermath. Nor can we
prepare for the future unless we heed its lessons. This incisive
and enlightening book will stand as the authoritative account of a
watershed event of our times.
Praise for "The Great Inflation and Its Aftermath"
""Newsweek" and "Washington Post" columnist Samuelson is one of the
rare journalists who debates politics and economics with a healthy
skepticism toward conventional wisdom. Politicians would do well to
study [the errors] the past that teach that choosing quick fixes
only delays and worsens the inevitable.""- Booklist"
"If you want to understand the economic events of the last half
century, you should read. . . Robert Samuelson's The Great
Inflation and Its Aftermath: --U.S News & World Report.
"From the Hardcover edition."
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
