Events:US secretary of state Antony Blinken holds talks with Philippine officials in Manila. The Bank of Japan makes a decision on whether it will raise interest rates for the first time since 2007. Economic indicators:Japan announces industrial production figures and the Philippines publishes balance...
I would argue that Chart 3 gives a much better picture of what it FELT like to live through the 70s than does Chart 1. But the issue is complicated. The US abandoned the gold standard at the beginning of the seventies. Had it not done so the economy would almost certainly been much w...