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
72
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.
What does "politically impossible to bring it down" (Para. 3) really mean?
选项
A、Politicians will not sacrifice their interest to deal with inflation.
B、Politicians think rise in inflation is no big deal.
C、Politicians may not recognize inflation is a big threat.
D、All efforts conducted by presidents have been useless.
答案
A
解析
语义理解题。第三段中作者首先用John Maynard Keynes和John Kennedy的例子说明失业减少会导致通货膨胀上升;接着又用Richard Nixon和Herbert Stein的例子说明,为了得到总统职位,政治家会想尽办法降低失业率,而这必然引起通货膨胀上升,可推知通货膨胀不可能消除的政治原因是,政治家们不想牺牲自己的政治利益,A 符合题意。
转载请注明原文地址:https://kaotiyun.com/show/Vo67777K
0
大学英语六级
相关试题推荐
A、Themanshouldgotobedateleven.B、Themanshouldgiveupwatchingthemovie.C、Themanshouldstayupandwatchtheprogra
A、TheU.S.government.B、YaleUniversity.C、TheSingaporegovernment.D、TheNationalUniversityofSingapore.C选项表明,本题与某一机构有关,听音
A、Talkingaboutherdislikeofanysubject.B、Regrettingnotgettingalongwithherpartners.C、Tellingliesaboutherabilitya
Humanbehaviorismostlyaproductoflearning,______(然面动物的行为主要依赖本能).
A、Fuelcannotbetransportedtothenortheasternstates.B、Therearetoofewhousesinthenortheast.C、Peopleinthenortheast
Healthfoodisageneraltermappliedtoallkindsoffoodsthatareconsideredmorehealthfulthanthetypesoffoodswidelyso
A、Totalkwithsomeoneorwithoneself.B、Tohavealongandgoodrelaxation.C、Todomoreaerobicexercises.D、Totakemoreant
A、Businessclass.B、Historyclass.C、Mathematicsclass.D、None.B本题问“Al害怕什么课?”文中提到Lily认为商贸课程使她倍受煎熬,而All也深有同感,说自己对文科感觉也是如此。而只有历
A、Theyarewaitressanddiner.B、Theyareneighbors.C、Theyarehusbandandwife.D、Theyagebakerandcustomer.B
随机试题
男性,58岁,诉反复冬季咳嗽12年,1周来咳黄痰,发热。体检:两肺广泛干性哕音,肺底闻及小水泡音,最可能的诊断是
对药品进行杂质检查前,应先进行下述哪项工作
女性,30岁。患甲状腺功能亢进多年,拔牙注意事项中,错误的是
为改善呼吸衰竭病人缺氧状态,尽快吸入高浓度氧气是行之有效的医疗措施。()
甲公司与机械厂订立的书面合同约定:机械厂向甲公司出售木工刨床2台,编号分别为1号、2号;货物验收完毕后一次性付款。合同对履行地点和方式未作约定。双方签订合同的当日,乙公司的采购员闻讯赶到机械厂,声称乙公司已于1个月之前与机械厂达成口头协议,机械厂已承诺将1
建筑供电负荷等级为一级负荷的建筑物,供电要求为()。
责任中心具有相对独立的经营活动和财务收支活动。()
主张把儿童分成班级,依照他们每个人的能力,制定他们依次发言,这些见解,是班级授课制的萌芽。其倡导者是
救助基金
NiagaraisanIndianwordwhichmeans"roaringwater".Indeed,theroarofthefallingwaterofNiagaracanbeheard(1)_____a
最新回复
(
0
)