11-12-2021, 01:41 PM
(11-12-2021, 01:25 PM)revealer Wrote: We have lived through very high inflation before. Did we die or have life-threatening difficulty finding a living? I enjoyed those days to see the banks paying my interest payment and longed for those days.
source: tradingeconomics.com
True, we have been through such high inflation before. The last time inflation was this high in USA was in 1982. And FED increased interest rates (their SOP) which slowed the economy and the following years were bad. Yes, we have been through that bad patch before. Not enjoyable at all.