The Conquest of American Inflation

The Conquest of American Inflation

by Thomas J. Sargent
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The Conquest of American Inflation 1 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
This is not a book on economics; it¿s a book about math. After reading this excruciatingly tedious essay, I couldn¿t even guess how good of an economist Dr. Sargent is, but I can tell you that he¿s very, very, very good at math. The book has absolutely zero explanation of the cause of inflation (though the author hints that it might be the Fed, but then again maybe not). The author claims that the reason for inflation seemingly to have gone the way of the dodo bird is that the government is using a magic mathematical formula developed by Dr. Sargent and his mathlete friends. These men, and the books they write, are much like the geeks who have learned to speak Vulcan ¿ the rest of us sitting around dumbfounded. Unfortunately, these math Vulcans tell those in power exactly what they want to hear ¿ that it is possible to manipulate the economy without bringing the whole edifice crashing down on top of our heads. This book is less than useless, except as proof that central planning is alive and well, Soviet Union or no.