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dapro

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dapro

Re: sungolfer post# 16533

Sunday, 01/06/2008 10:07:18 AM

Sunday, January 06, 2008 10:07:18 AM

Post# of 22155
Partial answer. Oil reached $36/barrel in the 70's. That is never mentioned because inflation adjusted oil in the early 80's was higher. Oil then dropped because the wage/price controlls of the 70's were recinded by Reagan which resulted in putting supply and demand back in equilibrium. To me, the wage/price controlls in the 70's were the underlying reason for stagflation then. That is not the case today, hence no stagflation.
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