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Dear Mr. Gregory,
<BR>You may want to take a look at Norman Frumkin's, <B>Tracking America's
Economy</B>, 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.
<BR>Sincerely,
<BR>Tom
<P>christian a. gregory wrote:
<BLOCKQUOTE TYPE=CITE>howdee,
<P>i'm trying to find a good way to explain the u.s. experience of stagflation
<BR>in the early 70's. from what i can gather, it was in part the effect
of
<BR>nixon's attempts to protect productive capital in '71, when he let
the
<BR>currency float and instituted tarriffs on imports and did the wage
and price
<BR>freeze thing. but the move backfired, because, even though the currency
<BR>devalued some, (w. germany, i know, let their currency float up with
the $),
<BR>the export-economy didn't do as it was told.
<P>yes? no? sort of?
<P>thanks for your help, in advance
<P>christian</BLOCKQUOTE>
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