... Washington in 19 81, I sat in a committee hearing inwhich Larry Kudlow, then the chief economist of OMB, presented theReagan administration’s forecast for real growth and inflation in 19 81 and 19 82. ... Milton and Rose. Free to Choose: A Personal Statement. NewYork: Harcourt Brace Jovanovich, 19 80.Gilder, George. Wealth and Poverty. New York: Basic Books, 19 81. Goetzmann, William N., and Roger ... policy and for the U.S. economy. Late in expansions, every four tosix years, inflationary pressures would begin to appear. Fed policy Notes • 219 • 217 •NOTESChapter 1 1. Hyman Minsky, Stabilizing...