Quote:
Originally Posted by CoachKandSportsguy
this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped, the inflation of the 70s was not transitory like this, but was more relentless because the cost of crude and derivatives usage was very, very inefficient as compared to today, and there was a much higher mfg demand for energy than today. .
So the 70's inflation is still the boogie man in many boomers memory and are still haunted to this day. . see the decade of dave's post above for confirmation
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Big difference between then and now for savers is that back in the day you could buy a 10 year treasury bond yielding 15.75 percent to help offset the pain of inflation. When our country, and it’s general population, weren’t strapped with unsustainable debt, the federal reserve was actually able to take adequate measures to effectively combat inflation.