- In this post, I review the book The Great Inflation and Its Aftermath, by Robert Samuelson. Samuelson puts forth an explanation for why inflation occurred in the late 1960s and 1970s, and how it was stopped in the 1980s.
- For Samuelson, the rise and fall of inflation in the US during the second half of the 19th century was an integral part of the American economic experience, and constitutes an important historical lesson for future investors and economists. He lays out an interesting story, and some insightful conclusions. After discussing Samuelson’s narrative, I touch on several issues raised by the book…
