The last time the West faced a major inflation spike with the mid-to-late 70's (and it was WAY worse than this), about a generation ago. The same can be said of

The last time the West faced a major inflation spike with the mid-to-late 70's (and it was WAY worse than this), about a generation ago. The same can be said of the last major energy crisis. If you have facts I am unaware of feel free to share them.