Liberals and Inflation

January 1979
New Republic;1/20/79, Vol. 180 Issue 3, p5
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.


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