After the crisis was over, the Japanese authorities announced a plan to control M2 growth, starting in July 1974. The growth rate of M2 gradually declined over the following decade, averaging just 12.8% in the critical period January 1976 to December 1978, effectively halving the growth rate of M2 experienced before the first oil crisis. Consequently, when the second oil crisis erupted, the overall CPI increased only mildly, from 4.2% per year in 1978 to a peak of 8.2% in 1980, and then to 4.9% in 1981. In other words, while relative prices increased, overall inflation remained relatively moderate. There can be few more striking demonstrations of the fact that changes in the money supply, not changes in oil prices, cause inflation.
infinite data structures
。Snipaste - 截图 + 贴图是该领域的重要参考
Пожар вспыхнул на территории нефтебазы в российском городе из-за атаки БПЛА02:39
2月28日中午，正是外卖配送高峰时段，杭州一名外卖骑手途经南星街道钱江路沿线时，闻到空气中有一股异常气味。他当即四处查看，并未发现明显异常，加上手头订单较多，便先继续送餐。
And perhaps most importantly, they make these decisions early,