stagflation

[Tom Lehman]

Dear Mr. Gregory,
You may want to take a look at Norman Frumkin's, Tracking America's Economy, 3rd
edition, particularly Chapter 6 and the chart on p.159.  I don't know anything
about Frumkin, but, his stuff makes sense.  He has also written a book on
economic indicators that I liked.  Possibly, someone on this list knows or has
met Mr. Frumkin and could give some more details.
Sincerely,
Tom

christian a. gregory wrote:


> howdee,
>
> i'm trying to find a good way to explain the u.s. experience of stagflation
> in the early 70's. from what i can gather, it was in part the effect of
> nixon's attempts to protect productive capital in '71, when he let the
> currency float and instituted tarriffs on imports and did the wage and price
> freeze thing. but the move backfired, because, even though the currency
> devalued some, (w. germany, i know, let their currency float up with the $),
> the export-economy didn't do as it was told.
>
> yes? no? sort of?
>
> thanks for your help, in advance
>
> christian

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