The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.
Naomi KleinAbout author
- Author's profession: Journalist
- Nationality: canadian
- Born: May 8, 1970
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Snow not falling but flying sidewise, and sudden, not signaled by the slow curdling of clouds all day and a flake or two drifting downward, but rushing forward all at once as though sent for. (The blizzard of '36 had looked like that.) And filling up the world's concavities, pillowing up in the gloaming, making night light with its whiteness, and then falling still in every one's dreams, falling for pages and pages... ("Novelty")
John Crowley
The distinction between natural and supernatural, in fact, broke down; and when it had done so, the burden of intolerable strangeness which this universe imposes on us by dividing it into two halves and encouraging the mind never to think of both in the same context. What price we may have paid for this comfort in the way of false security and accepted confusion of the thought is another matter.
C. S. Lewis
