Inflation and interest rates are two separate entities.
High interest rates were a tool to tame the high inflation we had.
I’m not arguing with you, only illustrating correct use of the terms.
Do you also recall wage and price controls being put into effect during that era?
Do you recall multiple stock splits and what P/E ratios were?
The price of gasoline , shortages and lines?
I understand what you’re saying but tell the person who was trying to borrow money to buy a home at 15% interest rates for a 30 year loan that it wasn’t “inflation “.
I’ve already mentioned Paul Voelker’s part in the interest rates scheme of things and whether it was “hyper “ or not is a rather moot point.
As you say, no argument.
Can it happen again? Of course it can but there’ll be many mechanisms put in place before that happens to dampen the effects and those mechanisms won’t be isolated to a single G8 nation.
