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
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.
As far as what's happening today, I dunno. They printed trillions, but pay the banks not to lend (IOER)