Great Financial Crises, Part 6: The 1970s Oil Shocks and Stagflation
Oil prices nearly quadrupled in a few months, and inflation hit about 14.5%. Here is how the 1970s oil shocks created stagflation and the painful cure that followed.
Oil prices nearly quadrupled in a few months, and inflation hit about 14.5%. Here is how the 1970s oil shocks created stagflation and the painful cure that followed.