[spectre]

Excellent essay. For those of us old enough to remember the 70s, the term “stagflation” comes to mind.

[grey_whiskers]

Thanks.

I think of the 70's using the words of humor columnist Dave Barry:

"lodged in the esophagus of my mind".

Recall that Doonesbury, that liberal staple of the 70's, had a character during that time fondly refer to his "mellow mortgage" (10% interest rate, but the house appreciated by 10% a year). I don't see that happening this time around.

Cheers!