2min chapter

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Value After Hours S05 E07: Resi Real Estate Apocalypse, Discretionary Spending, 40s / 70s inflation

The Acquirers Podcast

CHAPTER

The Price of Money

In 1971, Nixon imposed peacetime mandatory controls over prices and wages with a three month freeze. After several phases of this, it was finally ended in 1974. The lifting of these controls caused a spike in inflation as prices caught up to where they kind of should have been the whole time without repression. So after that spike, it saw the rate of inflation tumble because food price increases had slowed. But then in 77 to 80 that period inflation steadily mounted from 6.8 in 77 to 14.8 during the first half of 1980. And it was over 18% in the first quarter.

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