false http://photo.goodreads.com/books/1256079962m/4184102.jpg 4184102 1 It&#8217;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&#8211;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.<br><br>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&#8217;s history, and it had massive repercussions in every area of our lives. The direct consequences included Ronald Reagan&#8217;s election to the presidency in 1980, stagnation in living standards, and a growing belief&#8211;both in America and abroad&#8211;that the great-power status of the United States was ending.<i> The Great Inflation and Its Aftermath</i> 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.<br><br>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&#8211;and also much less protective of workers; and globalization was encouraged. <br><br>We cannot understand today&#8217;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. 4231417 11 11 2008 The Great Inflation and Its Aftermath: The Past and Future of American Affluence total:25|5:2|4:13|3:7|2:2|1:1| 25 88 68 10 2 0 false false Mon Feb 02 00:00:00 -0800 2009 Mon Feb 02 12:06:32 -0800 2009 Mon Feb 02 12:06:43 -0800 2009 When this book came out we were already in our current recession/depression, although that was not yet clear. The author was ...more...]]> 3 0 false false Wed Apr 29 00:00:00 -0700 2009 Wed Apr 29 05:41:43 -0700 2009 Wed Apr 29 05:41:43 -0700 2009 more...]]> 4 0 false false Fri May 29 00:00:00 -0700 2009 Wed May 27 03:40:34 -0700 2009 Fri May 29 04:41:03 -0700 2009 The Great Inflation and Its Aftermath...more...]]> 1 0 false false Mon May 04 00:00:00 -0700 2009 Wed May 06 17:13:07 -0700 2009 Fri Jun 05 09:49:23 -0700 2009
It was useful in a minimal way, by presenting a theory/point of view (the '70s inflation was cau...more...]]> 4 0 false false Wed Feb 11 12:00:36 -0800 2009 Wed Feb 11 12:01:39 -0800 2009 4 0 false false Fri May 01 00:00:00 -0700 2009 Sun May 03 15:43:16 -0700 2009 Mon May 04 14:43:56 -0700 2009 4 0 false false Wed Apr 08 00:00:00 -0700 2009 Wed Mar 11 07:18:37 -0700 2009 Wed Apr 08 15:47:51 -0700 2009 more...]]> 4 0 false false Tue Jan 01 00:00:00 -0800 2008 Thu Oct 01 19:47:36 -0700 2009 Thu Oct 01 19:48:42 -0700 2009 5 0 false false Sat May 23 00:00:00 -0700 2009 Thu Nov 06 08:11:26 -0800 2008 Sat May 23 07:49:12 -0700 2009 more...]]> 3 0 false false Fri Sep 11 13:22:19 -0700 2009 Fri Mar 20 19:34:35 -0700 2009 Fri Sep 11 13:22:19 -0700 2009 3 0 false false Sat Nov 14 19:28:48 -0800 2009 Sat Nov 14 19:28:48 -0800 2009 0 0 false false Fri Nov 13 20:55:36 -0800 2009 Fri Nov 13 20:55:36 -0800 2009 0 0 false false Wed Nov 11 21:38:41 -0800 2009 Wed Nov 11 21:38:41 -0800 2009 0 0 false false Sun Nov 08 12:45:05 -0800 2009 Sun Nov 08 12:45:05 -0800 2009 0 0 false false Sat Nov 07 10:04:21 -0800 2009 Sat Nov 07 10:04:21 -0800 2009 0 0 false false Fri Oct 23 20:23:35 -0700 2009 Fri Oct 23 20:23:38 -0700 2009 4 0 false false Tue Aug 11 09:24:53 -0700 2009 Tue Aug 11 09:24:53 -0700 2009 0 0 false false Sat Aug 01 10:26:50 -0700 2009 Sat Aug 01 10:26:50 -0700 2009 4 0 false false Wed Aug 26 12:03:26 -0700 2009 Tue Jul 28 10:25:04 -0700 2009 Wed Aug 26 12:03:26 -0700 2009 3 0 false false Wed Jul 01 03:09:40 -0700 2009 Sat Jul 25 03:15:46 -0700 2009 http://www.goodreads.com/book_link/follow/8?book_id=4184102