On Aug 29, 2008, at 9:29 AM, Doug Pensinger wrote: > Ronn! wrote: > >> Or just remember the Carter administration. >> >> He Said During The Campaign That Four Percent Inflation Was >> Unacceptable So When He Got Into Office He Made It Twenty-Plus >> Percent Maru >> >> Cite?
Might Ronn! be conflating twenty-plus percent _interest_ rates (which were definitely in effect during the Carter administration) with such inflation? The phrase "double-digit" is commonly mentioned in articles about the Carter years and inflation, but that could be as "low" as 10% and as high as 99%. I'm pretty sure it never got into the 20s for any sustained period. Dave _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
