The Market Ticker - About That Inflation Problem....
Jimmy Carter was famous for his cardigan-sweater talks while imploring people to set their thermostats to 65F in the winter. I remember it well.
For a huge number of people that wasn’t a necessary request; inflation was high enough that people could not afford to run their heat at a higher level. The bill from doing so was simply beyond their ability to pay.
Plenty of people blame Carter for all of this, but in fact Carter wasn’t nearly so much to blame as put forward. Shall we recall that Nixon literally assaulted Fed President Burns during his tenure because Burns was not doing as Nixon wanted with monetary policy?
We continue to believe in…….
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Source: https://market-ticker.org/akcs-www?post=241755
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