Summary:
The book examines the causes and consequences of the high inflation period in the United States during the 1960s and 1970s, analyzing its impact on politics, policy-making, and the economy. It also discusses the subsequent period of stability and prosperity, offering insights into the lessons learned and potential future economic challenges.
Key points:
1. The Great Inflation was a period from the late 1960s to the early 1980s with high inflation that hurt living standards and trust in the economy.
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