@article{325814,
      recid = {325814},
      author = {Samuelson, Robert J.},
      title = {The great inflation and its aftermath : the past and  future of American affluence /},
      publisher = {Random House,},
      address = {New York :},
      pages = {xxii, 309 p. ;},
      year = {2008},
      abstract = {The Great Inflation, argues journalist Samuelson, was the  worst domestic policy blunder of the postwar era and played  a crucial role in transforming American politics, economy,  and everyday life--and yet its story is hardly remembered  or appreciated. From 1960 to 1979, inflation rose from  barely more than 1 percent to nearly 14 percent--the  greatest peacetime inflationary spike in this nation's  history. It had massive repercussions in every area of our  lives. The direct consequences included Ronald Reagan's  election in 1980, stagnation in living standards, and a  growing belief that the great-power status of the United  States was ending. The end of high inflation in the brutal  1981-82 recession, engineered by the Federal Reserve under  then-chairman Paul Volcker, triggered economic and social  changes that are still with us. The stock market and  housing booms were both direct outcomes; American business  became more productive--and also much less protective of  workers; and globalization was encouraged.--From publisher  description.},
      url = {http://library.usi.edu/record/325814},
}