Economists treated inflation as a threat to the capitalist system itself.

Evidence

The experts knew that monetary instability was not purely an economic puzzle for economic science to solve. It was inherently a political problem. Revered British economist John Maynard Keynes candidly acknowledged the challenge posed to the existing system: “A continuance of inflationism and high prices will not only depress the exchanges but by their effect on prices will strike at the whole basis of contract, of security, and of the capitalist system generally.” — Clara E. Mattei, Escape from Capitalism, 12

Categorization

• XREF: Connects to Keynes’ later full-employment agenda and how inflation was politically weaponized against labor. — connects to: Austerity economists read inflation as a threat to capitalist subordination — Clara E. Mattei, The Capital Order: How Economists…, 784; Inflation threatens the contractual basis of capitalism itself — Clara E. Mattei, Escape from Capitalism: An Intervention, 12; Inflationary crises endanger capitalism by exposing its unjust distribution of goods. — Clara E. Mattei, Escape from Capitalism: An Intervention, 277 (+5 more)

Broader Connections

• Austerity economists read inflation as a threat to capitalist subordination #corroborates (0.95) — Clara E. Mattei, The Capital Order, 784
• Inflation threatens the contractual basis of capitalism itself #expands (0.80) — Clara E. Mattei, Escape from Capitalism, 12
• Inflationary crises endanger capitalism by exposing its unjust distribution of goods. #qualifies (0.75) — Clara E. Mattei, Escape from Capitalism, 277
• State intervention made capitalist exploitation political and thereby threatened capitalism itself #corroborates (0.75) — Clara E. Mattei, Escape from Capitalism, 173
• Anti-inflation policies sparing workers require challenging capitalism’s foundations #expands (0.72) — Clara E. Mattei, Escape from Capitalism, 278
• Power suffers inflation when threats are not backed by enforcement #exemplifies (0.72)
• Price caps and corporate taxes are anti-inflation tools that require fighting capitalism itself. #expands (0.70) — Clara E. Mattei, Escape from Capitalism, 278