– March 3, 2010
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“The 1970s was a decade of stagflation — the concurrence of a rising inflation rate and stagnant economic growth. The U.S. economy has not now reached the double-digit inflation rate (almost 15% by 1981), or the 9% unemployment rate, experienced back then. But the early ’70s, not the decade’s end, offer the more ominous parallels to today’s situation.” Read more.

 
“Inflation Alert”
Gerald P. O’Driscoll, Jr.
Via the Cato Institute.
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Tom Duncan

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