Chicago Tribune

Editorial: Fed Chairman Paul Volcker's legacy: High inflation? What's that?

Ever stop to contemplate how different life was before computers and smartphones? How inefficient and complicated those days seemed? Here's another thankfully distant memory: high inflation.

Back in the 1970s that paycheck you earned began to dissolve in your fingers the moment you received it because prices constantly rose. Maybe you got a pay raise, but all it did was keep you from

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