Age of Inflation Continued
In 1978, when the last pages of Age of Inflation were penned, the annual inflation rate was on the rise. It peaked in 1980 at 13.58%, before declining to a low in 1998 of 1.55%. Today, inflation is on the rise again, but this time, the United States has new problems as the world's largest debtor. A new generation must cope with the ageless problem called inflation. The answers are different from those that worked during the early 1980's. To understand today's problems and solutions, see Age of Inflation Continued.
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