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The late 70s were brutal. Worse than the late 2000s IMHO. It was so bad, that there was a recession in 1983, and the incumbent President that oversaw that rec
by walkedaway 5y ago
The late 70s were brutal. Worse than the late 2000s IMHO. It was so bad, that there was a recession in 1983, and the incumbent President that oversaw that recession - Reagan - won the 1984 election by a landslide because it was way better than the stagflation of the 70s.
Also, I wish it was as low as 7-10% inflation :(
https://www.investopedia.com/articles/economics/08/1970-stagflation.asp https://www.investopedia.com/articles/economics/08/1970-stag...