Inflation, Omen Of Creative Destruction

Inflation, Omen Of Creative Destruction

inflation,inflation,gold,standard,percent
Middle East

Inflation, Omen Of Creative Destruction

Inflation is now running at the unconscionable rate of 7 percent per year. In the bad old days of the 1970s and the early 1980s, consumer price increases were regularly in the double digits. Inflation was 14 percent in 1980. Standard explanations of what caused, and ended, the Great Inflation have been misplaced from the outset. An essential step in understanding our inflation problem today is getting clear about the causes of the big one, the inflation of the “stagflation” era. 

Orson Welles tried to divine the future.

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