23 July 2021

No Whodunit Here: The Cause of Inflation is Not a Mystery

In 1974, US president Gerald Ford declared inflation “public enemy number one” and launched a public relations campaign against it. WIN (“Whip Inflation Now”) buttons were handed out. The administration suggested various ways of “whipping inflation,” such as carpooling and home gardening. It didn’t work. Double-digit inflation outlived the Ford administration by several years. Nearly … Continue reading No Whodunit Here: The Cause of Inflation is Not a Mystery → - by Thomas L. Knapp
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