A strengthening dollar is bad for the world economy

Re:A strengthening dollar is bad for the world economy by pjc50 on Thursday December 01, 2016 @10:00AM (#13079724)

What runaway inflation? This is the US we're talking about, not Argentina.

More to the point, what's the actual evidence that the debt is a problem, and more of a disadvantage than the advantages of funding the various programmes and tax breaks that have arisen as a result?

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Re:A strengthening dollar is bad for the world economy by AnimalMuppet on Thursday December 01, 2016 @01:15PM (#13081828)

> What runaway inflation? This is the US we're talking about, not Argentina.

We were starting into it. Inflation was increasing, and hit 21%/year. It might have continued increasing, except for Volker. It cost a double-dip recession to reign it in.

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Re:A strengthening dollar is bad for the world economy by chillacy on Thursday December 01, 2016 @07:04PM (#13084816)

When you say 21%, are you talking about the increase in inflation rate (so a derivative), or the actual inflation rate? Because the actual inflation rate was 1.64% as of last year Oct-Oct: https://www.wolframalpha.com/input/?i=US+yearly+inflation+ra...

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Re:A strengthening dollar is bad for the world economy by AnimalMuppet on Friday December 02, 2016 @11:49AM (#13090147)

I was talking about 1979-1981.

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Re:A strengthening dollar is bad for the world economy by pjc50 on Friday December 02, 2016 @05:15AM (#13087480)

> hit 21%/year

Eyeballing this chart http://www.tradingeconomics.com/united-states/inflation-cpi that 21% appears to have been at the end of WW2?

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Re:A strengthening dollar is bad for the world economy by AnimalMuppet on Friday December 02, 2016 @11:48AM (#13090141)

Ah. OK, inflation of 15%. My error. I remember interest rates hitting 21%, though.

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