首页
登录
职称英语
Milton Friedman was wrong. Inflation is always and everywhere a social phen
Milton Friedman was wrong. Inflation is always and everywhere a social phen
游客
2023-08-31
62
管理
问题
Milton Friedman was wrong. Inflation is always and everywhere a social phenomenon, not a monetary one. At least, that is how Robert Samuelson sees it. The Great Inflation and Its Aftermath dwells little on the economics of inflation; the main text does not mention the Federal Reserve until page 31. Instead, it examines the intellectual and political currents that let inflation rise from 1% in the early 1960s to nearly 15% in 1980 and then brought it down again.
This is a laudable(值得称赞的) enterprise. Historians have devoted lots of scholarship to the Vietnam War and the civil-rights movement but almost nothing to the parallel rise in inflation, whose impact on society has been arguably great.
Mr. Samuelson, an economics columnist for the Washington Post and Newsweek, graphically recounts the futile efforts of various presidents to contain inflation, and the toll they exacted. Inflation began, Mr. Samuelson writes, because the followers of John Maynard Keynes who dominated economics after the Second World War convinced John Kennedy that reducing unemployment would cause only a small rise in inflation. But as inflation increased, it became politically impossible to bring it down. In 1968 Richard Nixon asked Herbert Stein, a nominee for Iris Council of Economic Advisers, what the president-elect’s biggest economic challenge would be. When Stein replied inflation, Nixon "immediately warned me that we must not raise unemployment," Stein later wrote.
The Great Inflation and Its Aftermath is readable, but often frustrating. Rather than proceeding chronologically, it hopscotches (像玩“跳房子”游戏) back and forth between decades, repeatedly bringing home the points it wants to make. Despite the forward-looking subtitle, Mr. Samuelson does not demonstrate that the great inflation has much bearing on America’s future. He spends much of two chapters, 73 pages in all, choosing a list of contemporary economic problems, from excessive entitlement spending to global imbalances that have little to do with inflation. Meanwhile, he devotes just a few paragraphs to inflation’s most crucial impact at the present. The decline in interest rates that followed inflation’s defeat created bubbles in stocks and houses and fuelled a" reach for yield" whose undoing is at the heart of the current crisis.
More puzzling is the fact that, in a year in which inflation and deflation have both repeatedly hit the headlines, Mr. Samuelson devotes little time to speculating on the future course of inflation and the political pressures that will affect it. That is a pity because it is a ripe subject. [br] The author commented the book as a" laudable enterprise" (Para.2), mainly because ______.
选项
A、it pointed out inflation is always a social phenomenon
B、it has been focusing on the economics of inflation
C、it contributed to the longly-neglected topic -- inflation
D、it does not mention the Federal Reserve until page 31
答案
C
解析
推理判断题。定位句意为“这本书值得赞扬”,是本段的主题句,接着作者指明了其中的原因:Historians have devoted lots of scholarship to the Vietnam War and the civil-rights movement but almost nothing to the parallel rise in inflation,可见该书之所以值得称赞是它研究了一直被历史学家们忽视的话题,C 符合题意。
转载请注明原文地址:https://tihaiku.com/zcyy/2973642.html
相关试题推荐
Accordingtotheauthor,thebrandyouuseapparentlyrevealsyoursocialstatus
Accordingtotheauthor,thebrandyouuseapparentlyrevealsyoursocialstatus
Accordingtotheauthor,thebrandyouuseapparentlyrevealsyoursocialstatus
Accordingtotheauthor,thebrandyouuseapparentlyrevealsyoursocialstatus
Accordingtotheauthor,thebrandyouuseapparentlyrevealsyoursocialstatus
Everywhere,wateruseisincreasing.Humansalreadyusefifty-fourpercento
Everywhere,wateruseisincreasing.Humansalreadyusefifty-fourpercento
Everywhere,wateruseisincreasing.Humansalreadyusefifty-fourpercento
Everywhere,wateruseisincreasing.Humansalreadyusefifty-fourpercento
Everywhere,wateruseisincreasing.Humansalreadyusefifty-fourpercento
随机试题
Wecanmakeupourmindsaboutsomepeoplewithinonlysevensecondsofmeeting
整个社会实践活动过程中,()得到充分体现。A.教师的主体性 B.学生的主体性
战略风险管理案例——全球曼氏金融破产 风险事件: 2011年10月3
A.病毒性肝炎 B.急性胆管炎 C.胆道蛔虫症 D.疟疾 E.胆总管癌黄
某省统计局在一次常规的工作检查中发现,该省某县的统计数据质量存在较大问题。经查,
明星吸食毒品的例子屡见不鲜,毒品危害巨大,对个人对家庭对社会产生不良影响。应该加
监理工程投标时如果发现招标人对前期配套、设计管理等外延的服务需求强烈,但又由于经
消弧线圈容量选择及其他指标。 中性点经消弧线圏接地的发电机,在正常情况下,长
可承担各类桥梁工程的施工企业是()。 A.桥梁工程专业承包特级企业 B
下列车船中,免征车船税的有()。A.捕捞、养殖渔船 B.军队、武装警察部队专用
最新回复
(
0
)