Summary of The Great Inflation and Its Aftermath
The Past and Future of American Affluence
Copyright © 2008 by Robert J. Samuelson
Published by arrangement with The Random House Publishing Group, a division of Random House, Inc.
Read about America’s greatest modern economic policy blunder: the story of inflation and how it ravaged the nation.
Recessionary times have led many people to re-evaluate their long-held beliefs about the financial system. His history-based economic analysis makes journalist Robert Samuelson’s fresh investigation of the insidious effects of inflation especially interesting. He covers the advent of inflation in the U.S. in the 1960s, and explains how it changed the nation’s economic thought and vision. Like a mutated gene, inflation assumed a life of its own and spawned the “new economy.” Samuelson presents a provocative, if debatable, argument about economics and prosperity. getAbstract recommends this detailed, advanced economics report and assures readers who stick with it that it will reward them with deeper understanding and fresh insights.
In this summary, you will learn
- How the “Great Inflation” transpired
- What impact inflation has had on politics and economics
- How globalization and the “new economy” affect jobs, politics and prosperity in the U.S. and around the world
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