5min chapter

Forward Guidance cover image

Birth of the U.S. Dollar | Roger Lowenstein

Forward Guidance

CHAPTER

The Larry Summer View on Inflation

The inflation of the North during the Civil War was 80 percent, maybe a little bit more in the US 1970s. The South was a 9,000 percent, absolutely Weimar territory, Weimar before Weimar. So you're going to have some inflation. It's absurdly similar to this debate as a and this is what a summer's seminal points that really can't be overstressed about whether it's supply or demand.

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