4 ms·
Inflation takes years to build up and years to resolve. Last time it took over a decade to get it under control [0]. [0] https://www.federalreservehistory.org/
by matrix_overload 4y ago
Inflation takes years to build up and years to resolve. Last time it took over a decade to get it under control [0].
[0] https://www.federalreservehistory.org/essays/great-inflation https://www.federalreservehistory.org/essays/great-inflation
- skybrian 4y agoThey started fighting it rather late, though, and some of the underlying reasons are different. In the 70's the labor force was expanding due to baby boomers and women entering the workforce.