Towle, W. Ray (contributor) - 2003
today in western industrialized countries, we had accelerating inflation between
1950 and 1980, along with rising interest …, we had declining inflation rates (in some
cases, deflation), commodity prices, and interest rates. In other words, the … distinguish whether we are close to the end of a
deflationary cycle (with a pick-up in the rate of inflation) or whether …