Part 2 US Battles Inflation Again
Great Inflation 1960's to 1980's
vs. 2020-21 and counting

See Current Political Economy Issues

Beginning Mid 1960's to Mid 80's
 
Beginning Q4 of 2021 to ?
 
Worst Inflationary Period:
about 9% over 9 years
Worst Inflationary Period:
about 6% over 5 quarters and watching
Federal Government Actions
1980's FED Tight Money Caused two  recessions
Since 1975. COLA tied SS programs to inflation.
Federal Government Actions
FED may Tighten

President released 180 mil barrels of crud oil
People Actions
Many bought wood and coal stoves for inside homes
 55 MPH National Speed Limit
Odd/Even purchase of gas to eliminate gas  stations lines
People Actions
Worst Unemployment
7-10% over 10 years
Worst Unemployment
<4% for 5 quarters
Fiscal Actions
 
Fiscal Actions
Trump's $2.2T CARES Act and Biden's $1.9T ARPA Act
Editor's Note: The Great Inflation was solved on the backs of working and elderly
whose savings and bond investments bought much less because of high prices.