What happened to gasoline in the mid 1970s?

We'll have to agree to disagree to your assertion. If he served under Reagan administration then maybe he was part of the whole "Trickle Down Economics" fantasy they hoisted onto the population that has since been revealed to be nothing more than another scam for the monied interests. I was secretly hoping you were gonna say Ben Bernanke and then I was gonna tear you a new one especially after his "Great Moderation" speech in 2004 and how they conquered the business cycle. Those Idiots from Chicago certainly know how ruin economies.

Go ask your Uncle what he thinks about Irvine Fischer and if the current inflationary pressures are transitory :lol:

Did you read the whole article? He first served under Carter. It's all there.