Goyette on Inflation
Spring kid activities leave little time for anything except work and . . . spring activities. I get most of my exercise by walking to work, I get most of my ongoing education from podcasts while I walk.
This week, I've been listening to this lecture by Charles Goyette about inflation. It's excellent. The "WIN" button, which became popular during the Ford administration, is just one of many novel things I learned. The WIN button was a grassroots movement supported by the government to stop price increases. It was essentially a government smokescreen to cover up for the fact that the Washington Party created runaway prices through LBJ/Nixon's guns and butter spending, but lots of people bought into it. Another thing I learned: Donald Rumsfeld was head of Nixon's Cost of Living Council, which administered his wage-and-price controls. Dick Cheney was Rumsfeld's assistant. Corroborated here.
I bought Goyette's recent book, incidentally. It's very good and highly recommended.
