When Was Inflation This Bad?
19651982. The Great Inflation defined the second half of the twentieth century’s macroeconomic epoch. It lasted from 1965 to 1982 and caused economists to reconsider the Fed’s policy. When was the worst time for inflation? The highest year-over-year inflation rate recorded since the formation of the United States in 1776 was 29.78 percent in 1778. […]
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