1979/80 wasn't the end of the inflation. Especially 1979. But even later... there's a lag time in peoples' minds and, especially, emotions. When inflation ha

1979/80 wasn't the end of the inflation. Especially 1979. But even later... there's a lag time in peoples' minds and, especially, emotions. When inflation has gone up to 10%, it's a huge surprise, but your mind is still back on 6% or 8%. When it comes back down to 10%, your mind is still on the 14% it was, not on the 6% or 8% it's (maybe) headed back to.