chapter  2
18 Pages

TIP for Inflation: Why and How


Our credibility as a nation has been jeopardized by inflation and aggravated by the accompanying unemployment. Every age faces setbacks to test its resolve for historical evolutionary survival. The 1930s grappled with unemployment, and the not unrelated march of dictators. The 1940s saw the war, peacetime con­ version, and the Cold War. Subsequent traumatic episodes, as the Cuban missile crisis, Vietnam, and Watergate can be cited. Energy and inflation, or inflation and energy now appear paramount. Blot out the inflation blight and, barring nuclear war miscalculations, we should again be able to resume the free world leadership that our military might compels and our economic power commends.