Guest Post by Simon Black
1960 was supposed to have been a fantastic year.
The world was largely at peace for the first time in decades and had fully recovered from the influenza pandemic that had broken out in the late 1950s.
Exciting new technology was rapidly developing, from color TV to the invention of the microchip.
In the United States, the country was getting ready to decide a Presidential race between two young candidates, both in their 40s. That had never happened before (or since) in the history of US presidential elections.
Overall there was a lot of optimism and energy as a new decade emerged.
And then, without warning, a recession struck the US economy.
Continue reading “LBJ called, he wants his inflation back”
