Those who forget history are doomed to repeat it

I was very much alive in the 1970's when the hangover of LBJ's War on Poverty sent inflation through the roof.

I was also alive in the late 1960's when law and order got Richard Nixon (of all people) elected.

Close your eyes if you want... but we are priming these pumps and the cable shows always broadcast the worst news.

Link: https://research.stlouisfed.org/publications/page1-econ/2012/10/01/the-great-inflation-a-historical-overview-and-lessons-learned/#:~:text=In%20the%201970s%2C%20tepid%20policy%20responses%20by%20the,volatile%20inflation%20in%20the%20future%E2%80%94that%20i