Part 2 US Battles Inflation Again
Great Inflation 1970's - 1980's vs. 2020-21 and counting
Beginning Mid 1970'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% for 10 years
 		 Worst Unemployment
4% for 5 quarters
 
Fiscal Actions
Wage and Price Freeze
Raise Supply with tax cuts
 		 Fiscal Actions
Trump $2.2T CARES Act  3/20
 $900 billion Consolidated Appro Act 11/20
Biden'$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.

One-Page Economics (textbooksfree.org)