The Great Inflation and Its Aftermath

The Great Inflation and Its AftermathBy: 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 beliefboth in America and abroadthat the great power status of the United States was ending, and Ronald Reagans election to the presidency in 1980. But that is only half the

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