> Major inflation like we haven't seen since the 1970s. The (demand-pull) inflation of the 1970s started because there was many years of war spending because o

> Major inflation like we haven't seen since the 1970s. The (demand-pull) inflation of the 1970s started because there was many years of war spending because of the Vietnam War. Once that wound down, then there was (supply-push) inflation of OPEC's oil embargo. What we're seeing now is a sudden spike because of concentrated spending, much like happened due to the Korea War, where inflation lasted between 12-18 months: * https://www.piie.com/blogs/realtime-economic-issues-watch/inflation-fears-and-biden-stimulus-look-korean-war-not-vietnam https://www.piie.com/blogs/realtime-economic-issues-watch/in...