Volume 27, Number 7 · May 1, 1980
The Inflation in Your Future
By Robert L. Heilbroner
A great deal of our current confusion about inflation, I believe, arises because we do not think about it correctly. We spend most of our time trying to decide whether the main cause of inflation lies in rising oil prices, or burgeoning money supplies, or mushrooming government spending, or declining productivity, and very little time reflecting on the central fact that we live in an inflationary economic environment.
Feature, 3738 words
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