Interest Rates Going up Cause it Ain’t 1945
Post World War II, we have had to deal with three episodes of high inflation:
EPISODE NUMBER ONE: In 1945 World War II ended. Many people felt interest rates would have to go up dramatically because the country had taken on enormous war debt (120% of GDP) and inflation would go through the roof. In 1946 inflation did surge to 18%. But interest rates rem…
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