Is a Wage Price Spiraling Less Likely?

i don't think we've seen the kind of massive, sustained a government spending that we saw in the late sixties and early seventies. And so there'san extent tohich the demand impetus might have been smaller that now,. That at least less sustained than it was then. The big question really is if inflation is coming from a combination of things. It's coming from a demand side, a supply side, too much money chasing too few goods. But also that it gets intrenched ifx expectations get intrenched, an if it rachets. i mean, this gets to like the sort of ike perversity of what tracy and i were talking about the