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Actually, the last time we had high inflation, the fed kicked interest rates up[1]. So I don’t know if we end up like Zimbabwe. The fed would likely step in wel
by nknealk 6y ago
Actually, the last time we had high inflation, the fed kicked interest rates up[1]. So I don’t know if we end up like Zimbabwe. The fed would likely step in well before something bad happened.
https://www.stlouisfed.org/publications/regional-economist/january-2005/volckers-handling-of-the-great-inflation-taught-us-much https://www.stlouisfed.org/publications/regional-economist/j...