[volare737]

I never addressed mortgage rates. The running 12 month inflation rate in 1979 was a little over 11%. It was not 17%.

[NorthMountain]

I never addressed mortgage rates.

That's nice.

OTOH, I did address them.

Those of us who actually lived through the late '70s and early '80s remember that Jimmy Carter's "stagflation" manifested itself in more than just exceptionally high inflation rates.