What is the first thing that comes to mind when we talk about the '70s? Hippie culture, perhaps? Or the release of The Godfather?
If you ask economists, they will say unequivocally: the U.S. crisis of the 1970s. Tax cuts, funding for social programs, and the Vietnam War all ramped up inflation in America to 15%. At the time, a key rate hike by the Fed led to a...
