>The UK government is already preparing to spend almost 200 billion on stabilizing prices I notice public figures saying (paraphrasing) "why shouldn't the curr

>The UK government is already preparing to spend almost 200 billion on stabilizing prices I notice public figures saying (paraphrasing) "why shouldn't the current bout of inflation be like the 70s". And I think "because they were trying to maintain the gold standard for way too long and that's what got it going?" Spending vast amounts on "stabilizing energy prices" seems like essentially the same sort of mistake. I wonder why other countries falter in emulating the Federal Reserve, which seems to have learned something from history despite all its critics.