No fireworks, but a solid discussion of inflation, which was rampant in Britain, America, and elsewhere. Messrs. Buckley and Knight examine strictly economic factors but also, and importantly, the political aspect. WFB: "Sometimes you are talking as though people are educable, and sometimes you are talking as though people are invincibly ignorant. Now my notion is that people who are swept away with enthusiasm for socialist generalities tend to be, certainly not uneducated, but most probably invincibly ignorant." ... AK: "The fact is that a politician's got to get in, he's got to win votes, and winning votes is not always consonant with sage economic theory." WFB: "There again it depends on the position. Having said you don't want any absolute pure economic laws, you're now making absolute political laws." AK: "Oh, yes, there is an absolute political law, and that is, 'I want to be re-elected.' "