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Northeast Iowa | Can someone older than me elaborate on inflation in the 70s and 80s? I see inflation really peaked around the 1980s, 13 or 14%! Through the 70s, inflation the whole decade was at 6.8%.
Inflation didn't really get back to normal until the last half of the 80s.
And from what everyone says, the 80s sucked to farm in. What I'm not saying is, hard times are right around the corner. What I am saying is, the gurus playing on inflation for high prices whether it's land, commodities, or supplies are probably wrong a few years down the road. Besides the increased $$$ supply, the covid shutdowns and supply chain issues may skew the calculation for real inflation, so it is difficult for me to grasp.
What say you?
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It's not all inflation
