The Arthur Burns That Time Forgot: “Inflationary Psychology” and “explosive” wage rates in the 1970s
![The Arthur Burns That Time Forgot: “Inflationary Psychology” and “explosive” wage rates in the 1970s](/content/images/2022/12/Powell-Fights-Inflation-In-Arthur-Burns-Style.jpg)
This is a premium piece of Notes on the Crises. Thank you for being a paid subscriber. Lately, the 1970s have loomed large in economic commentary, thanks to a recurrence of panic over