Inflation Control Failures

The book begins by setting the stage with the factors leading to the 1970s crisis, such as expansionary monetary policies and supply shocks. It then analyzes the Nixon administration's implementation of wage-price controls, tracing their evolution and eventual dismantling. By drawing on economic data, policy documents, and accounts from those involved, ""Inflation Control Failures"" provides a comprehensive assessment of the impact of these controls on inflation, employment, and economic growth, offering a nuanced perspective on why these interventions proved ineffective.