Page One Economics: The Great Inflation: A Historical Overview and Lessons Learned
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- Page One Economics: The Great Inflation: A Historical Overview and Lessons Learned
- Reserve Bank
- St. Louis
All inflation isn’t bad—a moderate amount can signal a healthy economy. But high inflation, such as that during the Great Inflation, can lead to a vicious cycle where expectations of higher inflation lead to further increases in the price level. Read the October 2012 Page One Economics Newsletter to find out what caused the Great Inflation, how tough (and painful) policy brought it to an end, and two key lessons learned.
|Economics, Federal Reserve System, History, Inflation, Inflation Rate, Lessons, Liquidity, Monetary Policy, Newsletter, Page One, Price Stability, Unemployment, Unemployment Rate|