[johnhenry07]

I recently looked up the “PPI: crude materials for further processing” for the recession/depression in the 70’s and early 80’s expecting to see a large drop in prices once interest rates spiked and the economy restructured. Why do you think this did not happen?

[jmherbener]

There was dis-inflation, but not deflation. Here are more data:

http://www.census.gov/prod/1/gen/95statab/prices.pdf

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