We think of the 1970s as the era of shock inflation. But it was in the 1950s that the world discovered "The New Inflation" — the beginning of the era of permanently rising prices.
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How Inflation Became a Fact of Life
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We think of the 1970s as the era of shock inflation. But it was in the 1950s that the world discovered "The New Inflation" — the beginning of the era of permanently rising prices.