[abduhl]

This is fear mongering. If what you say might happen ends up happening we are fucked. There’s no reason to even consider it because there is no way to hedge or protect against it.

It’s like showing up to a job site with all the tools in the world and worrying that you’ll need a tool that doesn’t exist. Do not fall into paralysis by analysis.

[truffdog]

The end of that inflationary period coincided with oil prices dropping, which isn't really something Volcker had any control over. Real supply shocks really are real supply shocks.