Inflation?

Yesterday I compared the 60s & 70s to the current time frame

The point being that if this is the appropriate period to compare to, and not the late 90s as many suggest, we could be on the cusp of a period of runaway inflation, which makes all our lives miserable

What led to the runaway inflation then - a quick recap

1. Guns and Butter spending - we j

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The more I think of it, especially after the passage of the One Big Beautiful Bill, it seems more clear that we could be on a path much like in the 60s and 70s. In fact, there are a lot of parallels, not a perfect match, but striking:

Fiscal Policy:

Then:

LBJ’s Great Society + Vietnam → soaring government spending and persistent deficits.

Now:

Post-COVI

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