I rufuse to argue this

There is this long post in my head about how the Inflation of the 1970's was caused by......

in the 1950's and 1960's there was a ton of hubris in the economics community, that One could "control the buisness cycle"... based on Keynes...

and JFK and LBJ figured "Well shit! if I just spend shitloads... it's good for the Economy. So... Space program, and LBJ had a "War on Poverty"... also the Vietnam War.

Now... ok we have had a war... and some foolish spending in the past 8 years....

But between JFK and the inflation scare of 1975... which drove the market down....

And Nixon pulled us off the gold standard....

but that is still 1961-1975... that is over 14 years of spending...

and in the early 1970's was the financial crisis..... and it wasn't till 5 years later that we had the inflation scare....

and in the early 1970's there was inflation.....

BUT look at this.

Farmers protest against low milk prices
Belgian police estimated 600 tractors driven by angry milk farmers descended on the Belgian capital.


Farmers' incomes dry up as Milk prices have plunged by about 50% from the historic highs of last summer,