Washington Monthly, Nov, 2000 by Jacob Heilbrunn
Bread Or Bullets
PHEW! FOR A BRIEF MOMENT there, it looked like the 1970s all over again. The booming American economy was suddenly saddled with rising oil prices, which threatened to lead to stagflation--or high unemployment and inflation rates. The even more vulnerable western European countries experienced long gas lines and protests. To top it off, the old Israeli-Palestinian conflict flared up again. The 1970s retro-look looked as if it was becoming the real thing. full text>>>
PHEW! FOR A BRIEF MOMENT there, it looked like the 1970s all over again. The booming American economy was suddenly saddled with rising oil prices, which threatened to lead to stagflation--or high unemployment and inflation rates. The even more vulnerable western European countries experienced long gas lines and protests. To top it off, the old Israeli-Palestinian conflict flared up again. The 1970s retro-look looked as if it was becoming the real thing. full text>>>
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