Breaking the constraint of gold and printing money for the Vietnam war. People got angry enough about inflation that the Fed had to raise rates.eufo wrote:Tortoise wrote:I want to investigate WHY we saw that spike back in 1980. If anyone here knows off the top of your head, please chime in
As far as what's happening today, I dunno. They printed trillions, but pay the banks not to lend (IOER)