About this title: 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 ...
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Description: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Shipped to over one million happy customers. Your purchase benefits world literacy! read more
Binding: Hardcover
Publisher: Random House
Date Published: 2008-11-11
ISBN-13:9780375505485ISBN:0375505482
Description: Like New. This is a great book in like new condition with slight signs of shelf wear. Top left corner has a tear in dust jacket, otherwise new. We provide USPS confirmation tracking and email when we ship. We want your complete satifaction. read more
Binding: Hardcover
Publisher: Random House Inc
Date Published: 2008-11-11
ISBN-13:9780375505485ISBN:0375505482
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780375505485. read more
Binding: Hardcover
Publisher: Random House
Date Published: 2008
ISBN-13:9780375505485ISBN:0375505482
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Edition: 1st Edition
Binding: Hardcover
Publisher: Westminster, Maryland, U.S.A. : Random House Inc
Date Published: 2008
ISBN-13:9780375505485ISBN:0375505482
Description: Very Good in Very Good jacket. VG/VG; Hardcover, dust jacket; stated first edition, 1st printing; 309 pgs, including index; text is clean and unmarked, pages are bright and decked; binding is tight; boards are neat; jacket is clean and crisp. An excellent copy. read more
Edition: First Edition
Binding: Paperback
Publisher: Random House, New York
Date Published: 2008
Description: Very Good/ Very Good. The past and Future of American Affluence. Paperback. Advance uncorrected proofs. Appears to have never been read. Cover has very minimal scuffing and rubbing. On the head of the spine there is a small smudge right before the beginning of the title. Pages are tight, bright, and straight. read more
"I was hoping for details on who did what to create and then squelch the high inflation in the USA in the '70s. But this book was short on detail and contained too much opinion and conjecture.
It was useful in a minimal way, by presenting a theory/point of view (the '70s inflation was caused by economists' and political leaders' mistaken belief in their ability to increase employment by choosing a moderately higher inflation level along the Phillips curve).
The reader can evaluate that theory by reading more books etc. - which is not anywhere near as useful as it would have been if Mr. Samuelson had devoted many more of his pages to showing the reader the historical evidence supporting the book's central point."
"Fascinating overview of the "Great Inflation" of the 70s, and the affects thereof. Highly recommended if you have more than a passing interest in, what Samuelson argues, was a defining moment in our post-WWII economic world."
"Very interesting history. Basic premise is that the inflationary period of the 1970s impacted global perception and history as much as the great depression. The fault of this inflationary period goes way beyond Carter to Johnson who first imposed wage and price controls. These were supported and strengthened through Nixon and Ford administrations. Finally, under Carton inflation grew above 10%. The cause was not oil or food prices, but government policy that cause the inflation. The great inflation was ended by Paul Volcker (head of Federal Reserve) with the support of Reagan by severly tightening money supply which caused the 1980-1981 recession. Prior to that, the Fed had supported the Presidents with loose money supply to help employment rates. Since this time, inflation has not been more than 2% per year. Samuelson's obvious concern is with current USA policy. USA economic growth is critical to people's lifestyle and happyness. There are several issues he believes could significantly slow USA growth - health care, global warming, and taxes."
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