3/10 That's exactly what happened in the 1960s-70s: years of high inflation conditioned everyone to expect more of it.

The Fed had to impose punishing interest rates and trigger a severe recession to finally break the cycle.
#Economy #InflationHistory #FederalReserve

Discover the drastic difference in egg prices from the California Gold Rush to today. We compare 19th-century costs with recent surges. #EggPrices #CaliforniaGoldRush #InflationHistory #GroceryCost #FoodEconomics #HistoryUncovered #EggPriceSurge #CostOfLiving #19thCenturyPrices #EconomicTrends