Comment: There were many causes of the inflation of the 1970's

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In reply to comment: it was the Arab oil embargo...... (see in situ)

There were many causes of the inflation of the 1970's

including the two oil shocks, and the deficits run up from the great society and vietnam war.
Nixon closing the gold window was also a factor.
The Whip inflation now campaign was the brainchild of the Ford administration with the WIN buttons that were going to drive inflation away.

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