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Cover: 9780812980042 | The Great Inflation and Its Aftermath | Robert J. Samuelson | Buch
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The Great Inflation and Its Aftermath
The Past and Future of American Affluence
Taschenbuch von Robert J. Samuelson
Sprache: Englisch

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Beschreibung
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.
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.
Über den Autor
Robert J. Samuelson
Details
Erscheinungsjahr: 2010
Fachbereich: Allgemeines
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: Einband - flex.(Paperback)
ISBN-13: 9780812980042
ISBN-10: 0812980042
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Samuelson, Robert J.
Hersteller: Random House Publishing Group
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 203 x 132 x 19 mm
Von/Mit: Robert J. Samuelson
Erscheinungsdatum: 26.01.2010
Gewicht: 0,395 kg
Artikel-ID: 135145601
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