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
69
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 is the author’s opinion about the book The Great Inflation and Its Aftermath?
选项
A、It is easy to understand for its time-ordered content.
B、Mr. Samuelson emphasized his points in many places of the book.
C、Most of the chapters have much to do with inflation.
D、It dwells much on the possible political pressures.
答案
B
解析
观点态度题。定位句是作者对该书的总体评价:易读,但却令人感到受挫,接着作者开始详细评价,其中本段第二句提到... repeatedly bringing home the points it wants to make,可见Mr. Samuelson 对自己想要表达的观点进行了多次强调,B 符合题意。
转载请注明原文地址:https://kaotiyun.com/show/jo67777K
0
大学英语六级
相关试题推荐
Entertheinformationage.Informationistherawmaterialformanyofthebusinessactivities【C1】______thisnewera,justas
Almosteveryoneagreesthattheabilitytoreadandwriteshouldbeafundamentalhumanright,extendedtoeveryone.Weundersta
IsCollegeReallyWorththeMoney?TheRealWorldEsteGriffithhaditallfiguredout.WhenshegraduatedfromtheUn
TheGeodesicDome(圆顶层)—theHouseoftheFuture?R.BuckminsterFullerspentmuchoftheearly20thcenturylookingforwa
Manyprivateinstitutionsofhighereducationaroundthecountryareindanger.Notallwillbesaved,andperhapsnotall【B1】__
Thenumberofproductsandservicesavailableon-lineisgrowing.Now,someAmericanscangetamedical【B1】______on-line.Fo
Nowadays,incominggenerationsreallyrelyonthepowerofthe"Internet"whenitcomestosearchingforinformation.Justtype
Ifsustainablecompetitiveadvantagedependsonworkforceskills,Americanfirmshaveaproblem.Human-resourcemanagementisn
Ifsustainablecompetitiveadvantagedependsonworkforceskills,Americanfirmshaveaproblem.Human-resourcemanagementisn
A、Exchangethecomputerforthewoman.B、Refundthewomen’smoney.C、Givethewomananythingshelikesinthestore.D、Givethe
随机试题
don’tthinklunchisagoodtimetogettogether,________.
《国际货币基金协定》是以下哪项的主体内容?()
方程z=x2+y2表示的二次曲面是().
什么是演替顶极?你对演替顶极理论有何认识?
男性,10岁,发现颈部肿物3月,无不适。体检:颈部正中偏右可扪及一直径约1.8cm肿物,质硬,表面不光滑。同位素扫描为冷结节,其边缘模糊,最可能的诊断是
按实施进度编制成本计划,若所有工作均按照最迟开始时间安排,则对项目目标控制的影响有()。
签署多边合同时,()。
下列不属于教育行政规章的是()
事故应急救援预案(简称预案或应急预案)是指政府或企业为降低事故后果的严晕程度,以对危险源的评价和事故预测结果为依据,预先制订的事故控制和抢险救灾方案。根据上述定义,下列不属于事故应急救援预案范畴的是()。
Todaywetalkaboutthedifferencebetweenacollegeandauniversity.Collegesanduniversitieshavealotincommon.Theyprep
最新回复
(
0
)