TITLE

Liberals and Inflation

PUB. DATE
January 1979
SOURCE
New Republic;1/20/79, Vol. 180 Issue 3, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Examines the social effects of inflation in the United States and how it could be eliminated without abandoning the liberal vision of a compassionate and egalitarian society. Capricious redistributional effect of inflation; Inflation's distortion of rational investment decisions by driving money away from productive assets; Disintegration effect of inflation on the economy; Fragmentation of the society into powerful interest groups; Reasons why the partial success of the Keynesian revolution resulted to inflation.
ACCESSION #
11060593

 

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