A Look at Inflation Fears, From Over Four Decades Ago

In March of 1979, a year when the inflation rate registered 11.3%, this publication—then called The Journal of Commercial Bank Lending—published an article called “Inflation, Commercial Lending, and America’s Future.”

In it, Dr. Paul Nadler, a professor of business administration at Rutgers University, outlined the reasons action had to be taken to control inflation, including a need for political stability, and described how the phenomenon was affecting lenders…