Freedom did return, however, including laissez-faire in all its worst forms, and inflation soon escalated, as did smuggling, black-marketing, and every form of corruption endemic to any poor country with underpaid bureaucrats and undereducated police.
With such heady growth comes headaches, especially for planners, environmentalists and those hurt by staggering traffic congestion, currency inflation and escalating housing costs.
Economists said that the plunge in the currency's value could bring inflation and escalate social tensions, already strained by a contentious election last year and a terrorist attack this spring.
HONG KONG — China on Tuesday raised interest rates for the third time since October, in the latest sign that the authorities were trying to temper economic growth and prevent inflation from escalating further.
Resembling a cultural wasteland after its twenty-one-year military regime (1964-1985), Brazil was now struggling with the scandalous political scenario of rampant corruption, spiraling inflation and escalating violence, which culminated with the impeachment of President Collor de Mello, himself a Macbeth of sorts.
The central bank could lift its tight hold on the money supply, allowing devaluation to escalate inflation.
Throughout the 1980s, political debate focused on economic problems, particularly those related to escalating inflation, an unfavourable international trade balance, and unemployment.
As Princeton grappled with escalating inflation and operating costs in the years after World War II, a group of 24 concerned undergraduates wanted their peers to understand the University's financial condition.
Over the past two months, I have read a lot of articles about Haiti: critics complaining about the import and spread of cholera, escalating inflation coupled with declining living conditions, and the overall state of the country since the earthquake hit three years ago.
