[PEN-L:1836] Prayin' for a warm Winter

[Michael Perelman]

By the late 1960s, the economy was getting ready to slow down.  Popular
pressure was strong.  Wage and price controls were lifted. ....

Carl Remick wrote:


> >An oil shock would not be considered inflationary.  Back in 73 the Fed
> >wisely
> >refrained from raising rates, but chose to accommodate the oil shock.
> >
> >--
> >Michael Perelman
> >Economics Department
> >California State University
> >Chico, CA 95929
>
> Huh?  I recall the '73 oil shock as the key trigger of the '70s inflation.
> Is this just a trick of memory?
>
> Carl
> _________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
> Share information about yourself, create your own public profile at
> http://profiles.msn.com.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu