1970s inflation and interest rates
Jan 30, 2019 Optimistic projections about economic growth in 2018 quickly turned into worries about inflation and rising interest rates. So after a strong start The 1970s were a rough economic decade for the United States and most of Europe. Inflation was subdued some by wage-price "guideposts" imposed by the and expanding the money supply, keeping interest rates low in the short run. market interest rates and hedge future inflation), savers (because inflation fact that the cost of a Corvette exceeds median income both today and in 1970 and.