Resources are more expensive because of interruptions due to war and disease. Like in the 1970s. Crude oil prices went up 10X between 1972 and 1982. Is it su

Resources are more expensive because of interruptions due to war and disease. Like in the 1970s. Crude oil prices went up 10X between 1972 and 1982. Is it surprising that the price of everything went up during that time, or economies everywhere experienced stress? Fiscal and monetary policy isn't the whole explanation, no matter what certain recipients of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel would have you believe.