Search found 2 matches

by Eastbay
Tue Feb 28, 2012 11:00 pm
Forum: Other Discussions
Topic: What Happened Pre-70's HyperInflation?
Replies: 16
Views: 6465

Re: What Happened Pre-70's HyperInflation?

Thanks, MT. I've been too busy writing these past few years to do much doodling on forums. But after reading some of the thoughts and insights posted here, I'm impressed! I'm waiting for inflation to begin. Keep in mind a basic law of economics, "the more of something there is, the less it's wo...
by Eastbay
Tue Feb 28, 2012 6:56 pm
Forum: Other Discussions
Topic: What Happened Pre-70's HyperInflation?
Replies: 16
Views: 6465

Re: What Happened Pre-70's HyperInflation?

I think it had a lot to do with the war, the oil price bump and the growth of consumer credit. Plus, there was a strong blue collar union movement at that time and they were able to gain wage increases somewhat matching inflation. Not nearly as many blue collar workers any more, however ... and few ...