Wednesday, May 12, 2010

Non-Scientific Inflation Study

After the mid 1970's oil crisis, where prices shot up, rationing was happening....the real inflation (defined in this article only as rising prices of things we need to live on), which ran somewhat around 10% to 14% per year, and did that year after year for 3 years, happened in the very late 1970's....from 1979 to 1981.

Will we also be looking at a 5 year lag between spiking oil and the onset of inflation?  When I say inflation in this way, I mean rising prices of things we need to live on.   Not increase in monetary supply (including credit) which is probably a "better" definition.

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Insightful and Useful Comment!