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World

We're living through eerie reminders of the 1970s

25 September 2021

9:19 AM

25 September 2021

9:19 AM

There are eerie parallels with 1970s at the moment, I say in the Times today. The inflation of that decade was principally caused by the abandonment of the gold standard in 1971 and the oil shock of 1973-4, which saw the price of a barrel of oil go from $3 a barrel to $12.

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