首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Milton Friedman was wrong. Inflation is always and everywhere a social phenomenon, not a monetary one. At least, that is how Rob
Milton Friedman was wrong. Inflation is always and everywhere a social phenomenon, not a monetary one. At least, that is how Rob
admin
2013-06-02
37
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.
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://kaotiyun.com/show/No67777K
0
大学英语六级
相关试题推荐
A、Practiceharder.B、Don’tgiveup.C、Stoptryingtobeasuperstar.D、Findanotherpartner.B由女士提到的…tooearlytogiveup…keepp
A、Karenisveryforgetful.B、HeknowsKarenbetternow.C、Karenissuretopasstheinterview.D、Thewomanshouldhavereminded
Manyprivateinstitutionsofhighereducationaroundthecountryareindanger.Notallwillbesaved,andperhapsnotall【B1】__
Thenumberofproductsandservicesavailableon-lineisgrowing.Now,someAmericanscangetamedical【B1】______on-line.Fo
IntheUnitedStates,itisrequiredthatallchildrenattendschool,publicorprivate,fortwelveyears.Thereare【B1】______t
Whichofthefollowingisdescribedasa"Photoshopforthehumanvoice"?Theissueofperformers’ethicshasalwaysbeentoler
Whichofthefollowingisdescribedasa"Photoshopforthehumanvoice"?BeforeAndyHildebrandretired,heworkedfor______.
A、Hehadpoorperformanceininterview.B、Hehadnoworkingexperienceatall.C、Hewaslackofcommunicativeskills.D、Hewasa
A、Hebelievesdancingisenjoyable.B、Hedefinitelydoesnotlikedancing.C、Headmiresthosewhodance.D、Hewon’tdanceuntil
随机试题
阅读下面一段文言文,完成相应题目。何灌,字仲源,开封祥符人。武选登第,为河东从事。经略使韩缜语之曰:“君奇士也,他日当据吾坐。”为府州、火山军巡检。辽人常越境而汲,灌亲申画界堠,遏其来,忿而举兵犯我。灌迎高射之,发辄中,或著崖石皆没镞,敌惊以为神
甲乙两国是邻国,甲国是沿海国,乙国是内陆国,两国之间有一条界河。依国际法相关规则,下列哪些选项构成现代国际法中合法的领土添附?()
以下事项中,承包商能够提出利润索赔的是( )。
A公司承包某厂车间扩建机电安装工程,工程范围有桥式起重机安装、车间内通风空调风管安装、动力电气线路、消防管道安装等。桥式起重机安装高度为18m,通风空调风管和消防管道安装标高为24m,风管在现场制作,电气线路敷设于电缆沟,并与该厂变、配电房的指定配电柜相接
凡需对所抽取样品进行加工方能进行检验的称为复样。()
劳动法律责任形式主要包括()。
运用公式“y=a+bx”编制弹性预算,字母x所代表的业务量可能有()。(2011年)
有关资产盘盈盘亏报经管理层批准后的会计处理,下列表述正确的是()。
在中国修订版艾森克人格问卷的报告单上有()。
效率与公平是一对矛盾。竞争会带来效率,但不利于公平;保证公平又会挫伤积极性,降低效率。因此,我们在走向共同富裕的过程中应当坚持( )。
最新回复
(
0
)