The high rate of inflation in the United States in the late 1970s and early 1980s was due to high seigniorage.

Question

Quizplus · Accepted Answer

The high rate of inflation in the United States in the late 1970s and early 1980s was actually caused by a variety of factors, including rising oil prices, wage and price controls, and expansionary monetary policy. While seigniorage (the profit earned by the government from printing money) can contribute to inflation in certain circumstances, it was not the primary cause of the inflation during this time period.

The High Rate of Inflation in the United States in the Late