For many, the 1970s conjures up colorful memories, from John Travolta tearing up the dance floor in “Saturday Night Fever” to the break-up of the Beatles. For others, however, it brings to mind the threat of runaway inflation. In his speech on Thursday, Narayana Kocherlakota, President of the Min…

Originally posted here:
It’s Time For Inflation Scaremongers To Put The 1970s Behind Them
