Attitudes toward money proceed in long cyclical swings. When money is bad, people want it to be better. When it is good, they think of other things. Only as mat

Attitudes toward money proceed in long cyclical swings. When money is bad, people want it to be better. When it is good, they think of other things. Only as matters are examined over time can we see how people who are experiencing inflation yearn for stable money and how those who are accepting the discipline and the costs of stability come to accept the risks of inflation. It is this cycle that teaches us that nothing, not even inflation, is permanent. We learn also that the fear of inflation which inflation leaves in its wake can be as damaging as the inflation itself. J.K. Galbraith 1975 Money Whence it came, where it went