The Great Inflation and Its Aftermath: The Past and Future of

The Great Inflation and Its Aftermath: The Past and Future of American Affluence
- Used Book in Good Condition
The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing beliefâ‚¬"both in America and abroadâ‚¬"that the great-power status of the United States was ending, and Ronald Reaganâ‚¬s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americansâ‚¬"from bank executives to ordinary homeownersâ‚¬"overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand todayâ‚¬s world.
Country USA
Brand Random House Trade Paperbacks
Manufacturer Random House Trade Paperbacks
Binding Paperback
ItemPartNumber 0812980042_used
Color White
ReleaseDate 2010-01-26
UnitCount 1
EANs 9780812980042

Country	USA
Brand	Random House Trade Paperbacks
Manufacturer	Random House Trade Paperbacks
Binding	Paperback
ItemPartNumber	0812980042_used
Color	White
ReleaseDate	2010-01-26
UnitCount	1
EANs	9780812980042

The Great Inflation and Its Aftermath: The Past and Future of American Affluence