On Aug 29, 2008, at 10:14 AM, Dave Land wrote: > 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.
I am having a hard time finding good numbers, but one reference on the web (http://www.let.rug.nl/usa/H/1990/ch8_p21.htm) put it above 20% in 1980. Dave _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
