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…