The Great Inflation and Its Aftermath by Robert J Samuelson

The Great Inflation and Its Aftermath by Robert J Samuelson

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 belief--both in America and abroad--that the great-power status of the United States was ending, and Ronald Reagan'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 Americans--from bank executives to ordinary homeowners--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 today's world.

Robert J. Samuelson is a columnist for Newsweek and The Washington Post. He began his journalism career as a reporter for the Post in 1969. He is the author of The Good Life and Its Discontents: The American Dream in the Age of Entitlement, 1945-1995 and Untruth: Why the Conventional Wisdom Is (Almost Always) Wrong, a collection of his columns. He lives in Bethesda, Maryland, with his wife, Judy Herr. They have three children.

SKU	Unavailable
ISBN 13	9780812980042
ISBN 10	0812980042
Title	The Great Inflation and Its Aftermath
Author	Robert J Samuelson
Condition	Unavailable
Binding Type	Paperback
Publisher	Random House USA Inc
Year published	2010-01-26
Number of pages	352
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable