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Think Inflation Is Bad Now? Let's Take A Step Back To The 1970s
The 1970s are starting to trend – for all the wrong reasons. Today, prices for everything from gasoline to groceries are surging as the economy roars back from the pandemic recession. And that's raising concerns in some quarters about whether the United States is headed back to the awful economic days of the 1970s, when the country was gripped by double-digit inflation that required painful action by the Federal Reserve. The Biden administration insists those concerns are far off the mark, and that the days when Americans sported campaign-style "Whip Inflation Now" buttons on their wide lapels are long gone. "I ... (full story)