[CutePuppy]

Inflation was put in check by Reagan’s policies of less government and more economic growth. All the Fed did was cause a nasty recession.

Exactly, so many people keep getting this wrong. Thank you for making the same point I was going to post.

[Moonman62]

Thanks for the kind words. I’ve posted the same before on FR and received angry responses. I guess some people, including Conservatives fall for the propaganda.

If one looks at long term charts, the really harmful or noteworthy periods of inflation in the United States were due to war. Our only period of hyperinflation was after and I believe during the Revolutionary war.

Countries like Venezuela and Zimbabwe are different. Their governments destroyed production and the politicians stole what money or assets they could.