When you think of the 1970s, you’re likely to think of leisure suits, bell bottom jeans, disco music, mood rings, pet rocks, and green shaggy carpet. While some of those trends may be making a comeback, there is one thing we all wish was gone for good: high inflation. We would all gladly put on a pair of platform shoes and bell bottoms if that meant inflation remained as dead as a pet rock. Unfortunately, high inflation has returned and has a lot of people wondering if we are in a sequel of “That ‘70s Show.” We will explain why we don’t think an exact parallel exists, but first, let’s turn the dial back to the 1970s...
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