Nathan Smart

26%
Flag icon
The inflation jokes of the 1950s expressed a growing mood of fatalism about price movements. That attitude encouraged pessimism about the possibility of restraining inflation and caused people to seek other remedies. These new responses caused more inflation and increased its momentum. They also institutionalized its dynamics within entire cultural systems.
The Great Wave: Price Revolutions and the Rhythm of History
Rate this book
Clear rating
Open Preview