“Whip Inflation Now”
As economic crisis grew in the 1970s, the government launched a sprawling campaign to enlist everyday Americans in a fight against inflation. But the last four decades have soured the public on such calls for self-sacrifice — and for good reason.
We’re hearing a lot right now about how this is the “worst inflation in forty years.” While the invocation of the early 1980s summons the Jimmy Carter era “malaise,” the roots of that inflationary spike go back much further. The Bureau of Labor Statistics called the period from 1968 to 1983 “the definitive era of […]