The Great Inflation and Its Aftermath

The Past and Future of American Affluence

Business & Finance, Economics, Economic History, Finance & Investing, Investments & Securities, Nonfiction, History, Americas, United States, 20th Century
Cover of the book The Great Inflation and Its Aftermath by Robert J. Samuelson, Random House Publishing Group
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Robert J. Samuelson ISBN: 9781588366924
Publisher: Random House Publishing Group Publication: November 11, 2008
Imprint: Random House Language: English
Author: Robert J. Samuelson
ISBN: 9781588366924
Publisher: Random House Publishing Group
Publication: November 11, 2008
Imprint: Random House
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Random House Publishing Group

Cover of the book Los santos de Agua Mansa, California by Robert J. Samuelson
Cover of the book Awakening Joy by Robert J. Samuelson
Cover of the book Illidan: World of Warcraft by Robert J. Samuelson
Cover of the book Chatter by Robert J. Samuelson
Cover of the book A Portrait of the Artist as a Young Man by Robert J. Samuelson
Cover of the book Animal Husbandry by Robert J. Samuelson
Cover of the book Slightly Tempted by Robert J. Samuelson
Cover of the book Fannin' the Flames by Robert J. Samuelson
Cover of the book A Christmas Escape by Robert J. Samuelson
Cover of the book Murder, She Encountered by Robert J. Samuelson
Cover of the book Stormrider by Robert J. Samuelson
Cover of the book Fever Season by Robert J. Samuelson
Cover of the book Truth or Dare by Robert J. Samuelson
Cover of the book More Letters from a Nut by Robert J. Samuelson
Cover of the book Brilliant Madness by Robert J. Samuelson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy