Saturday, March 1, 2008

Inflation wasn't the worst thing about the 70's

...it was the cars, Jimmy Carter and the pants.



A day after giving delivering grim economic projections and hinting at future interest rate cuts, Federal Reserve chairman Ben Bernanke said the United States is not on course for long-term inflation troubles similar to those in the 1970s.


“I don’t think we are anywhere near the situation that prevailed in the 1970s.”

2 comments:

Bike Bubba said...

Hey, wasn't "Puberty Love" on that album, too?

Never mind. :^)

And not all of those cars were awful; certainly CAFE took its toll, but the 1970s also featured the Olds 442, the 500cid Caddy, and so on. You're thinking about the late 1970s and early 1980s as a nadir of automotive delight, no?

jroosh said...

Indeed. Once could argue that the "Crappy American Car" movement didn't begin in ernest until the eighties, but technically started with the 1978 models in my opinion. Compare the 77 Monte Carlo to the 78 for example.