Thursday, April 02, 2026

I Remember This Kind Of Inflation

In the’70’s. When inflation was moving at double digits. And prices would change by the hours.

Volcker finally wrung it out of the economy in the ‘80’s, with double digit interest rates. That won’t work this time. Nothing will, except time and a cessation of hostilities. Not either/or; it must be both/and.

Aren’t we glad we got the price of eggs down for a while?

I’m really too old for this shit again.
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