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Bruce Bartlett wrote:
 
Bruce Bartlett wrote:
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*Inflation is fundamentally a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve]] chairman [[Arthur Burns]] gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by [[G. William Miller]], appointed by [[Jimmy Carter]]. Miller didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse. [https://www.nationalreview.com/nrof_bartlett/bartlett200406140846.asp]
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*Inflation is fundamentally a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve]] chairman Arthur Burns gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by G. William Miller, appointed by [[Jimmy Carter]]. Miller didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse. [https://www.nationalreview.com/nrof_bartlett/bartlett200406140846.asp]
    
==Measures of inflation==
 
==Measures of inflation==
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