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Glasgow, Ky | Glad you brought up the subject of inflation. Been trying to get some dialog going about inflation but there does not seem to be a significant amount of concern about it at this time. Would like to look at what our long term strategy on the farm should be if we feel that inflation is going to hit double digits soon. Like you said the only way to fight inflation is to raise interest rates. Been though the 18% interest rate debacle several years ago and know what kind of damage it did then. It would be much worse if it were to happen again.
If we feel that double digit inflation is on the way along with higher interest rates would like to know what we can do from a planning perspective to be ready for it. The time to do it is now. By the time the gov admits inflation is a huge problem it will be too late.
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early 80s and high interest rates, how and why did this happen
