GOLD IS A RELIC ?

Candy store? That's 60's.

 

Log in or Sign up to hide this ad.

From a historical perspective, inflation ran above 13 percent in the late 70s and early 80. The Federal Reserve ran up the interest rate to about 20 percent to tame it, but it required a deep recession to put everything on a halfway even keel.

Those numbers might be a bit imprecise but they are in the ballpark.

 

No, it was the 70's. Trust me, I'm a noted authority on my life.