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.
How Inflation Became a Fact of Life
How Inflation Became a Fact of Life
How Inflation Became a Fact of Life
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.