Congressional Digest

Congressional Digest February 2023 No. 2 Vol. 101
Inflation in US History

Inflation

Pros and Cons of Inflation Policy

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Inflation in US History

Wars, supply shocks and oil prices have all caused inflation

Earlier high inflation experiences in U.S. history may provide insights on how to address high inflation today. There are two notable types of high inflation periods to consider: the “Great Inflation” from the mid-1960s to early 1980s and some shorter-lived inflationary episodes surrounding U.S. wars. …

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