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Inflation: A Great inflation redux? Economists point to big differences

Synopsis
Oil prices are also rising now, jumping higher this week after talks between OPEC and its allies failed to reach a deal to ramp up production but the situation is not as dire as the disruptions half a century ago.
AP
Most economists believe that the forces driving the current surge in inflation will ease in the months ahead.
The last time big government spending, supply chain shocks and rising wages threatened to keep inflation meaningfully higher, President Joe Biden’s top economic adviser was in diapers.
Jump forward half a century, and some aspects of 2021 look a little bit like a do-over of the late 1960s and the 1970s, which many economists think laid the groundwork for the breakaway inflation that took hold and lasted into the 1980s. At a time when prices have popped and debate rages over how quickly they will moderate, those comparisons have become a hot topic. ....

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A Great Inflation Redux? Economists Point to Big Differences.

A Great Inflation Redux? Economists Point to Big Differences.
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Wall Street Journal Remembers the Great Inflation

Because of the deep division in America between Red States and Blue States, there has been much talk of secession. Is the United States too big? Would people be happier in smaller communities? Frank Buckley, a distinguished professor at the Scalia Law School, breaks with most of his fellow legal.
Because of the deep division in America between Red States and Blue States, there has been much talk of secession. Is the United States too big? Would people be happier in smaller communities? Frank Buckley, a distinguished professor at the Scalia Law School, breaks with most of his fellow legal academics by taking these questions seriously. In a recent article in ....

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