The Inflation Crisis in the Seventies

Inflation in the seventies imploded a large government establishment occupied with trying to fix supply and price of air travel, truck transport, rail services and consumer energy supplies. It also e a tack system that was found to be constantly promoting people into higher brackets, even as their real income and living standards declined. Today's inflation would be hitting an economy with rigidities of its own, mostly of a different kind. The third part of jenkins pieace says we may discover other vulnerabilities here but don't tell anyone.